Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 03, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | FNCB BANCORP, INC. | |
Entity Central Index Key | 1,035,976 | |
Trading Symbol | fncb | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 16,819,258 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 16,500 | $ 22,755 |
Interest-bearing deposits in other banks | 4,624 | 14,991 |
Total cash and cash equivalents | 21,124 | 37,746 |
Debt securities available for sale, at fair value | 290,863 | 289,459 |
Equity securities | 892 | 918 |
Restricted stock, at cost | 7,964 | 2,763 |
Loans held for sale | 629 | 1,095 |
Loans, net of allowance for loan and lease losses of $9,459 and $9,034 | 845,932 | 761,609 |
Bank premises and equipment, net | 13,900 | 10,388 |
Accrued interest receivable | 3,654 | 3,234 |
Bank-owned life insurance | 30,732 | 30,460 |
Other real estate owned | 787 | 1,023 |
Net deferred tax assets | 16,282 | 15,785 |
Other assets | 6,528 | 7,825 |
Total assets | 1,239,287 | 1,162,305 |
Liabilities | ||
Demand (non-interest-bearing) | 177,388 | 176,325 |
Interest-bearing | 777,855 | 826,123 |
Total deposits | 955,243 | 1,002,448 |
Borrowed funds: | ||
FHLB of Pittsburgh advances | 174,251 | 44,968 |
Subordinated debentures | 5,000 | 5,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 189,561 | 60,278 |
Accrued interest payable | 331 | 241 |
Other liabilities | 7,027 | 10,147 |
Total liabilities | 1,152,162 | 1,073,114 |
Shareholders' equity | ||
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 0 shares at June 30, 2018 and December 31, 2017 | ||
Common shares ($1.25 par) Authorized: 50,000,000 shares at June 30, 2018 and December 31, 2017 Issued and outstanding: 16,817,097 shares at June 30, 2018 and 16,757,963 shares at December 31, 2017 | 21,021 | 20,947 |
Additional paid-in capital | 63,374 | 63,210 |
Retained earnings | 9,792 | 6,779 |
Accumulated other comprehensive loss | (7,062) | (1,745) |
Total shareholders' equity | 87,125 | 89,191 |
Total liabilities and shareholders’ equity | $ 1,239,287 | $ 1,162,305 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, allowance for loan and lease losses | $ 9,459 | $ 9,034 |
Preferred shares, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Preferred shares, authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred shares, issued (in shares) | 0 | 0 |
Preferred shares, outstanding (in shares) | 0 | 0 |
Common shares, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Common shares, authorized (in shares) | 50,000,000 | 50,000,000 |
Common shares, issued (in shares) | 16,817,097 | 16,757,963 |
Common shares, outstanding (in shares) | 16,817,097 | 16,757,963 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Interest income | ||||
Interest and fees on loans | $ 9,031 | $ 7,191 | $ 17,319 | $ 14,172 |
Interest and dividends on securities: | ||||
U.S. government agencies | 886 | 850 | 1,776 | 1,750 |
State and political subdivisions, tax-free | 38 | 12 | 58 | 35 |
State and political subdivisions, taxable | 1,027 | 978 | 2,051 | 1,800 |
Other securities | 240 | 120 | 435 | 243 |
Total interest and dividends on securities | 2,191 | 1,960 | 4,320 | 3,828 |
Interest on interest-bearing deposits in other banks | 12 | 32 | 35 | 122 |
Total interest income | 11,234 | 9,183 | 21,674 | 18,122 |
Interest expense | ||||
Interest on deposits | 1,134 | 826 | 2,201 | 1,570 |
Interest on borrowed funds: | ||||
Interest on Federal Home Loan Bank of Pittsburgh advances | 707 | 130 | 1,059 | 261 |
Interest on subordinated debentures | 57 | 114 | 113 | 226 |
Interest on junior subordinated debentures | 99 | 73 | 186 | 142 |
Total interest on borrowed funds | 863 | 317 | 1,358 | 629 |
Total interest expense | 1,997 | 1,143 | 3,559 | 2,199 |
Net interest income before provision (credit) for loan and lease losses | 9,237 | 8,040 | 18,115 | 15,923 |
Provision (credit) for loan and lease losses | 880 | 421 | 1,600 | (57) |
Net interest income after provision (credit) for loan and lease losses | 8,357 | 7,619 | 16,515 | 15,980 |
Non-interest income | ||||
Net (loss) gain on the sale of available-for-sale securities | (4) | 693 | (4) | 971 |
Net loss on equity securities | (7) | (26) | ||
Net gain on the sale of mortgage loans held for sale | 51 | 110 | 100 | 135 |
Net gain on the sale of SBA guaranteed loans | 71 | 56 | 322 | 56 |
Net (loss) gain on the sale of other repossessed assets | (10) | 47 | ||
Net (loss) gain on the sale of other real estate owned | (7) | 6 | 31 | 57 |
Loan-related fees | 76 | 65 | 160 | 156 |
Income from bank-owned life insurance | 138 | 135 | 272 | 270 |
Other | 464 | 240 | 744 | 482 |
Total non-interest income | 1,529 | 2,023 | 3,048 | 3,593 |
Non-interest expense | ||||
Salaries and employee benefits | 3,485 | 3,298 | 7,151 | 6,822 |
Occupancy expense | 526 | 586 | 1,129 | 1,173 |
Equipment expense | 323 | 446 | 637 | 906 |
Advertising expense | 213 | 191 | 326 | 305 |
Data processing expense | 647 | 509 | 1,295 | 996 |
Regulatory assessments | 196 | 164 | 397 | 337 |
Bank shares tax | 222 | 252 | 489 | 510 |
Expense of other real estate owned | 55 | 288 | 100 | 328 |
Professional fees | 196 | 180 | 492 | 456 |
Insurance expense | 133 | 128 | 268 | 253 |
Other losses | 86 | 147 | 127 | 285 |
Other operating expenses | 884 | 751 | 1,787 | 1,497 |
Total non-interest expense | 6,966 | 6,940 | 14,198 | 13,868 |
Income before income tax expense | 2,920 | 2,702 | 5,365 | 5,705 |
Income tax expense | 508 | 910 | 934 | 1,716 |
Net income | $ 2,412 | $ 1,792 | $ 4,431 | $ 3,989 |
Earnings per share | ||||
Basic (in dollars per share) | $ 0.14 | $ 0.11 | $ 0.26 | $ 0.24 |
Diluted (in dollars per share) | 0.14 | 0.11 | 0.26 | 0.24 |
Cash dividends declared per common share (in dollars per share) | $ 0.04 | $ 0.03 | $ 0.08 | $ 0.06 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||||
Basic (in shares) | 16,792,812 | 16,716,899 | 16,778,188 | 16,687,389 |
Diluted (in shares) | 16,819,286 | 16,736,995 | 16,801,426 | 16,704,056 |
Financial Service [Member] | ||||
Non-interest income | ||||
Deposit service charges | $ 747 | $ 728 | $ 1,449 | $ 1,419 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income | $ 2,412 | $ 1,792 | $ 4,431 | $ 3,989 |
Other comprehensive (loss) income: | ||||
Unrealized (losses) gains on securities available for sale | (1,840) | 3,323 | (6,816) | 5,159 |
Taxes | 387 | (1,129) | 1,431 | (1,754) |
Net of tax amount | (1,453) | 2,194 | (5,385) | 3,405 |
Reclassification adjustment for losses (gains) included in net income | 4 | (693) | 4 | (971) |
Taxes | (1) | 235 | (1) | 330 |
Net of tax amount | 3 | (458) | 3 | (641) |
Total other comprehensive (loss) income | (1,450) | 1,736 | (5,382) | 2,764 |
Comprehensive income (loss) | $ 962 | $ 3,528 | $ (951) | $ 6,753 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 16,645,845 | ||||
Balance, beginning of period at Dec. 31, 2016 | $ 20,807 | $ 62,593 | $ 8,531 | $ (1,560) | $ 90,371 |
Net income for the period | 3,989 | 3,989 | |||
Cash dividends | (1,003) | (1,003) | |||
Restricted stock awards | 167 | 167 | |||
Common shares issued under long-term incentive compensation plan (in shares) | 46,878 | ||||
Common shares issued under long-term incentive compensation plan | $ 58 | (58) | |||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 65,240 | 65,240 | |||
Common shares issued through dividend reinvestment / optional cash purchase plan | $ 82 | 374 | $ 456 | ||
Other comprehensive income (loss), net of tax | 2,764 | 2,764 | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Jun. 30, 2017 | 16,757,963 | ||||
Balance, end of period at Jun. 30, 2017 | $ 20,947 | 63,076 | 11,517 | 1,204 | 96,744 |
Balance, beginning of period at Mar. 31, 2017 | (532) | ||||
Net income for the period | $ 1,792 | ||||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 29,861 | ||||
Other comprehensive income (loss), net of tax | 1,736 | $ 1,736 | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Jun. 30, 2017 | 16,757,963 | ||||
Balance, end of period at Jun. 30, 2017 | $ 20,947 | 63,076 | 11,517 | 1,204 | 96,744 |
Balance (in shares) at Dec. 31, 2017 | 16,757,963 | ||||
Balance, beginning of period at Dec. 31, 2017 | $ 20,947 | 63,210 | 6,779 | (1,745) | 89,191 |
Net income for the period | 4,431 | 4,431 | |||
Cash dividends | (1,343) | (1,343) | |||
Restricted stock awards | 137 | 137 | |||
Common shares issued under long-term incentive compensation plan (in shares) | 46,358 | ||||
Common shares issued under long-term incentive compensation plan | $ 58 | (58) | |||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 12,776 | 12,776 | |||
Common shares issued through dividend reinvestment / optional cash purchase plan | $ 16 | 85 | (10) | $ 91 | |
Other comprehensive income (loss), net of tax | (5,382) | (5,382) | |||
Reclassification of unrealized loss on equity securities, net of tax | (65) | 65 | |||
Balance (in shares) at Jun. 30, 2018 | 16,817,097 | ||||
Balance, end of period at Jun. 30, 2018 | $ 21,021 | 63,374 | 9,792 | (7,062) | 87,125 |
Balance, beginning of period at Mar. 31, 2018 | (5,612) | ||||
Net income for the period | $ 2,412 | ||||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 4,139 | ||||
Other comprehensive income (loss), net of tax | (1,450) | $ (1,450) | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Jun. 30, 2018 | 16,817,097 | ||||
Balance, end of period at Jun. 30, 2018 | $ 21,021 | $ 63,374 | $ 9,792 | $ (7,062) | $ 87,125 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash dividends declared, per share (in dollars per share) | $ 0.08 | $ 0.06 |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.06 | |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 1,430 | $ 1,424 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 4,431 | $ 3,989 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Investment securities amortization, net | 398 | 568 |
Equity in trust | (6) | (4) |
Depreciation and amortization | 1,341 | 1,317 |
Valuation adjustment for loan servicing rights | (4) | |
Stock-based compensation expense | 137 | 167 |
Provision (credit) for loan and lease losses | 1,600 | (57) |
Valuation adjustment for off-balance sheet commitments | (55) | 18 |
Net loss (gain) on the sale of available-for-sale securities | 4 | (971) |
Net loss on equity securities | 26 | |
Net gain on the sale of mortgage loans held for sale | (100) | (135) |
Net gain on the sale of SBA guaranteed loans | (322) | (56) |
Net gain on the sale of other real estate owned | (31) | (57) |
Valuation adjustment of other real estate owned | 17 | 240 |
Net gain on the sale of other repossessed assets | (47) | |
Loss on the disposition of bank premises and equipment | 30 | 63 |
Income from bank-owned life insurance | (272) | (270) |
Proceeds from the sale of mortgage loans held for sale | 5,032 | 6,402 |
Funds used to originate mortgage loans held for sale | (4,466) | (6,288) |
Decrease in net deferred tax assets | 934 | 1,716 |
Increase in accrued interest receivable | (420) | (27) |
Decrease in prepaid expenses and other assets | 1,271 | 355 |
Increase (decrease) in accrued interest payable | 90 | (7) |
Decrease in director indemnification liability | (2,553) | |
Decrease in accrued expenses and other liabilities | (512) | (1,401) |
Total adjustments | 2,143 | 1,522 |
Net cash provided by operating activities | 6,574 | 5,511 |
Cash flows from investing activities: | ||
Maturities, calls and principal payments of debt securities available for sale | 3,160 | 4,250 |
Proceeds from the sale of debt securities available for sale | 4,559 | 76,486 |
Purchases of debt securities available for sale | (16,337) | (78,037) |
(Purchase) redemption of the stock in Federal Home Loan Bank of Pittsburgh | (5,201) | 1,029 |
Net (increase) decrease in loans to customers | (92,242) | 45 |
Proceeds from the sale of SBA guaranteed loans | 6,032 | 634 |
Proceeds from the sale of other real estate owned | 470 | 808 |
Proceeds from the sale of other repossessed assets | 280 | |
Purchases of bank premises and equipment | (4,463) | (721) |
Net cash (used in) provided by investing activities | (104,022) | 4,774 |
Cash flows from financing activities: | ||
Net decrease in deposits | (47,205) | (82,389) |
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight | 72,590 | 2,070 |
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term | 73,929 | 22,890 |
Repayment of Federal Home Loan Bank of Pittsburgh advances - term | (17,236) | (38,594) |
Proceeds from issuance of common shares, net of discount | 91 | 456 |
Cash dividends paid | (1,343) | (1,003) |
Net cash provided by (used in) financing activities | 80,826 | (96,570) |
Net decrease in cash and cash equivalents | (16,622) | (86,285) |
Cash and cash equivalents at beginning of period | 37,746 | 112,445 |
Cash and cash equivalents at end of period | 21,124 | 26,160 |
Supplemental cash flow information: | ||
Interest | 3,469 | 2,206 |
Income taxes | 18 | 122 |
Other transactions: | ||
Transfer of bank premises and equipment to other real estate owned | 220 | |
Loans transferred to other real estate owned and repossessed assets | 80 | |
Investor loans tranferred to other real estate owned or other assets | 45 | |
Available-for-sale securities purchased, not settled | 3,134 | |
Change in deferred gain on sale of other real estate owned | $ 1 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. The consolidated financial statements of FNCB are comprised of the accounts of FNCB Bancorp, Inc., and its wholly-owned subsidiary, FNCB Bank (the “Bank”), as well as the Bank’s wholly-owned subsidiaries (collectively, “FNCB”). The accounting and reporting policies of FNCB conform to accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10 10 01 X. not not three six June 30, 2018, may not The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term are the allowance for loan and lease losses (“ALLL”), securities’ valuation and impairment evaluation, the valuation of other real estate owned (“OREO”), and income taxes. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in FNCB’s audited financial statements, included in the Annual Report filed on Form 10 December 31, 2017. |
Note 2 - New Authoritative Acco
Note 2 - New Authoritative Accounting Guidance | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2. New Authoritative Accounting Guidance Accounting Guidance to be Adopted in Future Periods ASU 2016 02, 842 12 2016 02 2016 02 December 15, 2018 January 1, 2019. may January 1, 2019. December 31, 2017, $825 January 1, 2019 ASU 2016 13, 326 not not June 17, 2016, 2016 13 not 2016 13, 2016 13 December 15, 2019, may December 15, 2018, January 1, 2020. 2016 13 not 1 2 3 may 4 5 may Refer to Note 2 2017 10 10 31, 2018 three 31, 2018. |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3. During the third 2017, two $1.0 $1.0 December 31, 2016 2015 March 31, 2017 June 30, 2017. $3.0 not December 31, 2016 2015, March 31, 2017 June 30, 2017. no 2016 first two 2017. Debt Securities The following tables present the amortized cost, gross unrealized gains and losses, and the fair value of FNCB’s available-for-sale debt securities at June 30, 2018 December 31, 2017: June 30, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 154,461 $ 9 $ 4,015 $ 150,455 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,144 - 1,183 33,961 Collateralized mortgage obligations - commercial 76,219 - 3,145 73,074 Mortgage-backed securities 24,666 21 531 24,156 Corporate debt securities 4,000 - 43 3,957 Asset-backed securities 2,388 - 33 2,355 Negotiable certificates of deposit 2,924 - 19 2,905 Total available-for-sale debt securities $ 299,802 $ 30 $ 8,969 $ 290,863 December 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 146,812 $ 567 $ 1,380 $ 145,999 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,100 73 516 35,657 Collateralized mortgage obligations - commercial 76,396 - 978 75,418 Mortgage-backed securities 22,254 174 117 22,311 Corporate debt securities 4,000 58 - 4,058 Asset-backed securities 3,100 3 17 3,086 Negotiable certificates of deposit 2,924 6 - 2,930 Total available-for-sale debt securities $ 291,586 $ 881 $ 3,008 $ 289,459 Except for securities of U.S. government and government-sponsored agencies there were no 10.0% June 30, 2018. At June 30, 2018 December 31, 2017, $284.6 $282.3 The following table presents the maturity information of FNCB’s available-for-sale debt securities at June 30, 2018. may not not June 30, 2018 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 496 $ 495 After one year through five years 54,566 53,649 After five years through ten years 102,255 99,240 After ten years 4,068 3,933 Asset-backed securities 2,388 2,355 Collateralized mortgage obligations 111,363 107,035 Mortgage-backed securities 24,666 24,156 Total $ 299,802 $ 290,863 Gross proceeds from the sale of available-for-sale debt securities were $4.6 three six June 30, 2018, $4 no three six June 30, 2018. Gross proceeds from the sale of available-for-sale debt securities were $53.3 $76.5 three six June 30, 2017, $736 $1,014 $43 three six June 30, 2017. The following tables present the number, fair value and gross unrealized losses of available-for-sale debt securities with unrealized losses at June 30, 2018 December 31, 2017, June 30, 2018 Less than 12 Months 12 Months or Longer Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of state and political subdivisions 109 $ 121,305 $ 2,492 27 $ 26,559 $ 1,523 136 $ 147,864 $ 4,015 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 14 32,961 1,183 1 16 - 15 32,977 1,183 Collateralized mortgage obligations - commercial 23 63,283 2,578 2 9,790 567 25 73,073 3,145 Mortgage-backed securities 8 18,650 405 2 1,985 126 10 20,635 531 Corporate debt securities 3 3,957 43 - - - 3 3,957 43 Asset-backed securities 1 492 3 1 1,863 30 2 2,355 33 Negotiable certificates of deposit 12 2,905 19 - - - 12 2,905 19 Total 170 $ 243,553 $ 6,723 33 $ 40,213 $ 2,246 203 $ 283,766 $ 8,969 December 31, 2017 Less than 12 Months 12 Months or Longer Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of state and political subdivisions 56 $ 65,056 $ 497 26 $ 24,595 $ 883 82 $ 89,651 $ 1,380 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 10 24,686 516 1 53 - 11 24,739 516 Collateralized mortgage obligations - commercial 22 64,344 672 2 10,076 306 24 74,420 978 Mortgage-backed securities 4 8,454 56 2 2,058 61 6 10,512 117 Corporate debt securities - - - - - - - - - Asset-backed securities 1 2,443 17 - - - 1 2,443 17 Negotiable certificates of deposit 1 247 - - - - 1 247 - Total 94 $ 165,230 $ 1,758 31 $ 36,782 $ 1,250 125 $ 202,012 $ 3,008 Management evaluates individual securities in an unrealized loss position quarterly for other than temporary impairment (“OTTI”). As part of its evaluation, management considers, among other things, the length of time a security’s fair value is less than its amortized cost, the severity of decline, any credit deterioration of the issuer, whether or not not There were 203 June 30, 2018, 136 50 12 two three June 30,2018, no may June 30, 2018. not not not June 30, 2018. Equity Securities FNCB’s investment in equity securities is comprised entirely of a mutual fund investment comprised of one four December 31, 2017, $1.0 $82 $918 2016 01, 825 10 January 1, 2018, January 1, 2018, one $65 three six June 30, 2018, $7 $26 six June 30, 2018. For the Six Months Ended June 30, (in thousands) 2018 Net losses recognized on equity securities $ (26 ) Less: net gains (losses) recognized on equity securities sold - Unrealized losses on equity securities held $ (26 ) Restricted Securities The following table presents FNCB’s investment in restricted securities at June 30, 2018 December 31, 2017. June 30, December 31, (in thousands) 2018 2017 Stock in Federal Home Loan Bank of Pittsburgh $ 7,954 $ 2,753 Stock in Atlantic Community Bankers Bank 10 10 Total restricted securities, at cost $ 7,964 $ 2,763 Management noted no June 30, 2018 December 31, 2017. Equity Securities without Readily Determinable Fair Values FNCB owns a $1.7 2017 1933 not not not $1.7 June 30, 2018. third June 30, 2018, not no June 30, 2018. |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. The following table summarizes loans receivable, net, by category at June 30, 2018 December 31, 2017: June 30, December 31, (in thousands) 2018 2017 Residential real estate $ 168,827 $ 158,020 Commercial real estate 260,119 261,783 Construction, land acquisition and development 23,340 20,981 Commercial and industrial 167,001 150,103 Consumer 179,088 134,653 State and political subdivisions 52,954 42,529 Total loans, gross 851,329 768,069 Unearned income (75 ) (80 ) Net deferred loan costs 4,137 2,654 Allowance for loan and lease losses (9,459 ) (9,034 ) Loans, net $ 845,932 $ 761,609 FNCB has granted loans, letters of credit and lines of credit to certain of its executive officers and directors as well as to certain of their related parties. For more information about related party transactions, refer to Note 7, FNCB originates one four three six June 30, 2018, one four $2.1 $5.0 three six June 30, 2018 $51 $100 $110 $135 2017. June 30, 2018 December 31, 2017, $629 $1.1 one four During the three six June 30, 2018, $0.8 $5.7 $71 $322 three six June 30, 2018, three six June 30, 2017, $0.6 $56 $108.5 June 30, 2018 $103.0 December 31, 2017. FNCB does not There were no six June 30, 2018. 2, 2017 10 Management evaluates the credit quality of the loan portfolio on an ongoing basis, and performs a formal review of the adequacy of the ALLL on a quarterly basis. This evaluation is inherently subjective, as it requires material estimates that may may may may The following table summarizes activity in the ALLL by loan category for the three six June 30, 2018 2017: Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total Three months ended June 30, 2018: Allowance for loan losses: Beginning balance, April 1, 2018 $ 1,249 $ 3,342 $ 256 $ 2,505 $ 1,822 $ 388 $ 9,562 Charge-offs - (1,126 ) - (4 ) (180 ) - (1,310 ) Recoveries 121 2 - 75 129 - 327 Provisions (credits) (169 ) 889 (5 ) (121 ) 235 51 880 Ending balance, June 30, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Three months ended June 30, 2017: Allowance for loan losses: Beginning balance, April 1, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ 8,306 Charge-offs (31 ) (29 ) - (317 ) (88 ) - (465 ) Recoveries 11 1 - 110 85 - 207 Provisions (credits) 24 (451 ) 13 841 35 (41 ) 421 Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 Six months ended June 30, 2018: Allowance for loan losses: Beginning balance, January 1, 2018 $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ 9,034 Charge-offs (63 ) (1,126 ) - (81 ) (440 ) - (1,710 ) Recoveries 127 3 30 147 228 - 535 Provisions (credits) (99 ) 731 12 49 823 84 1,600 Ending balance, June 30, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Six months ended June 30, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ 8,419 Charge-offs (80 ) (29 ) - (347 ) (306 ) - (762 ) Recoveries 12 5 421 179 252 - 869 Provisions (credits) 45 (251 ) (453 ) 745 39 (182 ) (57 ) Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 The following table represents the allocation of the ALLL and the related loan balance, by loan category, disaggregated based on the impairment methodology at June 30, 2018 December 31, 2017: Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total June 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 8 $ 86 $ - $ 600 $ 2 $ - $ 696 Collectively evaluated for impairment 1,193 3,021 251 1,855 2,004 439 8,763 Total $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Loans receivable: Individually evaluated for impairment $ 1,801 $ 8,464 $ 83 $ 793 $ 388 $ - $ 11,529 Collectively evaluated for impairment 167,026 251,655 23,257 166,208 178,700 52,954 839,800 Total $ 168,827 $ 260,119 $ 23,340 $ 167,001 $ 179,088 $ 52,954 $ 851,329 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 33 $ 138 $ - $ 600 $ 2 $ - $ 773 Collectively evaluated for impairment 1,203 3,361 209 1,740 1,393 355 8,261 Total $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ 9,034 Loans receivable: Individually evaluated for impairment $ 1,902 $ 8,164 $ 85 $ 795 $ 395 $ - $ 11,341 Collectively evaluated for impairment 156,118 253,619 20,896 149,308 134,258 42,529 756,728 Total $ 158,020 $ 261,783 $ 20,981 $ 150,103 $ 134,653 $ 42,529 $ 768,069 Credit Quality Indicators – Commercial Loans Management continuously monitors and evaluates the credit quality of FNCB’s commercial loans by regularly reviewing certain credit quality indicators. Management utilizes credit risk ratings as the key credit quality indicator for evaluating the credit quality of FNCB’s loan receivables. FNCB’s loan rating system assigns a degree of risk to commercial loans based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. Management analyzes these non-homogeneous loans individually by grading the loans as to credit risk and probability of collection for each type of loan. Commercial and industrial loans include commercial indirect auto loans which are not not 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. This analysis is performed on a quarterly basis using the following definitions for risk ratings: Pass – Assets rated 1 5 no not Special Mention – Assets classified as special mention do not not Substandard – Assets classified as substandard have well defined weaknesses based on objective evidence, and are characterized by the distinct possibility that FNCB will sustain some loss if the deficiencies are not Doubtful – Assets classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that such weaknesses make collection or liquidation in full highly questionable and improbable based on current circumstances. Loss – Assets classified as loss are those considered uncollectible and of such little value that their continuance as assets is not Credit Quality Indicators – Other Loans Certain residential real estate loans, consumer loans, and commercial indirect auto loans are monitored on a pool basis due to their homogeneous nature. Loans that are delinquent 90 The following tables present the recorded investment in loans receivable by loan category and credit quality indicator at June 30, 2018 December 31, 2017: Credit Quality Indicators June 30, 2018 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 34,346 $ 411 $ 134 $ - $ - $ 34,891 $ 133,602 $ 334 $ 133,936 $ 168,827 Commercial real estate 246,509 2,253 11,357 - - 260,119 - - - 260,119 Construction, land acquisition and development 20,990 324 575 - - 21,889 1,451 - 1,451 23,340 Commercial and industrial 157,690 649 2,353 - - 160,692 6,309 - 6,309 167,001 Consumer 2,040 35 - - - 2,075 176,724 289 177,013 179,088 State and political subdivisions 51,768 1,020 102 - - 52,890 64 - 64 52,954 Total $ 513,343 $ 4,692 $ 14,521 $ - $ - $ 532,556 $ 318,150 $ 623 $ 318,773 $ 851,329 Credit Quality Indicators December 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 27,186 $ 421 $ 62 $ - $ - $ 27,669 $ 129,887 $ 464 $ 130,351 $ 158,020 Commercial real estate 245,779 2,461 13,543 - - 261,783 - - - 261,783 Construction, land acquisition and development 18,280 330 6 - - 18,616 2,365 - 2,365 20,981 Commercial and industrial 142,019 479 1,597 - - 144,095 6,008 - 6,008 150,103 Consumer 1,731 - 34 - - 1,765 132,584 304 132,888 134,653 State and political subdivisions 42,040 - 396 - - 42,436 93 - 93 42,529 Total $ 477,035 $ 3,691 $ 15,638 $ - $ - $ 496,364 $ 270,937 $ 768 $ 271,705 $ 768,069 Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. The recorded investment in these non-accrual loans was $3.5 $2.6 June 30, 2018 December 31, 2017, 90 six no may may 90 no 90 June 30, 2018 December 31, 2017. The following tables present the delinquency status of past due and non-accrual loans at June 30, 2018 December 31, 2017: June 30, 2018 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 167,523 $ 827 $ 20 $ - $ 168,370 Commercial real estate 258,268 - - - 258,268 Construction, land acquisition and development 23,257 - 83 - 23,340 Commercial and industrial 165,873 223 33 - 166,129 Consumer 177,430 1,104 265 - 178,799 State and political subdivisions 52,954 - - - 52,954 Total performing (accruing) loans 845,305 2,154 401 - 847,860 Non-accrual loans: Residential real estate 317 - - 140 457 Commercial real estate 1,126 - - 725 1,851 Construction, land aquisition and development - - - - - Commercial and industrial 750 - 83 39 872 Consumer 50 68 53 118 289 State and political subdivisions - - - - - Total non-accrual loans 2,243 68 136 1,022 3,469 Total loans receivable $ 847,548 $ 2,222 $ 537 $ 1,022 $ 851,329 December 31, 2017 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 156,701 $ 793 $ - $ - $ 157,494 Commercial real estate 260,276 70 473 - 260,819 Construction, land acquisition and development 20,954 27 - - 20,981 Commercial and industrial 149,046 185 88 - 149,319 Consumer 133,034 1,028 287 - 134,349 State and political subdivisions 42,529 - - - 42,529 Total peforming (accruing) loans 762,540 2,103 848 - 765,491 Non-accrual loans: Residential real estate 342 63 - 120 525 Commercial real estate - - - 964 964 Construction, land acquisition and development - - - - - Commercial and industrial 750 - - 35 785 Consumer 25 92 53 134 304 State and political subdivisions - - - - - Total non-accrual loans 1,117 155 53 1,253 2,578 Total loans receivable $ 763,657 $ 2,258 $ 901 $ 1,253 $ 768,069 The following tables present a distribution of the recorded investment, unpaid principal balance and the related allowance for FNCB’s impaired loans, which have been analyzed for impairment under ASC 310, June 30, 2018 December 31, 2017. $100 not not 450. $100 450 $0.7 June 30, 2018 $0.5 December 31, 2017. June 30, 2018 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 205 $ 277 $ - Commercial real estate 6,160 7,023 - Construction, land acquisition and development 83 83 - Commercial and industrial 20 52 - Consumer 28 29 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 6,496 7,464 - With a related allowance recorded: Residential real estate 1,596 1,596 8 Commercial real estate 2,304 2,304 86 Construction, land acquisition and development - - - Commercial and industrial 773 773 600 Consumer 360 360 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,033 5,033 696 Total impaired loans: Residential real estate 1,801 1,873 8 Commercial real estate 8,464 9,327 86 Construction, land acquisition and development 83 83 - Commercial and industrial 793 825 600 Consumer 388 389 2 State and political subdivisions - - - Total impaired loans $ 11,529 $ 12,497 $ 696 December 31, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 190 $ 216 $ - Commercial real estate 5,174 5,295 - Construction, land acquisition and development 85 85 - Commercial and industrial 21 53 - Consumer 30 30 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 5,500 5,679 - With a related allowance recorded: Residential real estate 1,712 1,751 33 Commercial real estate 2,990 2,990 138 Construction, land acquisition and development - - - Commercial and industrial 774 774 600 Consumer 365 365 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,841 5,880 773 Total impaired loans: Residential real estate 1,902 1,967 33 Commercial real estate 8,164 8,285 138 Construction, land acquisition and development 85 85 - Commercial and industrial 795 827 600 Consumer 395 395 2 State and political subdivisions - - - Total impaired loans $ 11,341 $ 11,559 $ 773 The following table presents the average balance of, and interest income recognized on, impaired loans summarized by loan category for the three six June 30, 2018 2017: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Residential real estate $ 1,805 $ 21 $ 1,841 $ 21 $ 1,837 $ 42 $ 1,884 $ 42 Commercial real estate 7,826 75 7,452 72 7,833 152 6,133 112 Construction, land acquisition and development 84 1 87 1 84 2 123 2 Commercial and industrial 794 1 1,059 9 794 1 879 14 Consumer 389 3 295 3 391 7 296 6 State and political subdivisions - - - - - - - - Total impaired loans $ 10,898 $ 101 $ 10,734 $ 106 $ 10,939 $ 204 $ 9,315 $ 176 ( 1 The additional interest income that would have been earned on non-accrual and restructured loans had these loans performed in accordance with their original terms approximated $45 $85 three six June 30, 2018, $39 $66 three six June 30, 2017, Troubled Debt Restructured Loans TDRs at June 30, 2018 December 31, 2017 $9.6 $10.2 $8.7 $0.9 June 30, 2018, $9.3 $0.9 December 31, 2017. $696 $750 June 30, 2018, December 31, 2017, not June 30, 2018. The modification of the terms of such loans may one There were no three six June 30, 2018. three six June 30, 2017. Three Months Ended June 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification Post-Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Forebearance Total Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ 63 $ 63 Commercial real estate 7 1,228 - - 1,228 1,228 Construction, land acquisition and development - - - - - - Commercial and industrial 3 1,125 - 25 1,150 1,150 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 11 $ 2,353 $ 63 $ 25 $ 2,441 $ 2,441 Six Months Ended June 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification Post-Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Forebearance Total Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ 63 $ 63 Commercial real estate 8 5,250 - - 5,250 5,250 Construction, land acquisition and development - - - - - - Commercial and industrial 4 1,820 - 25 1,845 1,845 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 13 $ 7,070 $ 63 $ 25 $ 7,158 $ 7,158 There were six six June 30, 2017, thirteen three eight $5.3 two four $1.8 six June 30, 2017. one $63 one $4.0 seven two $1.2 four $0.3 three $1.8 one There were no 12 90 three six June 30, 2018. one $10 12 six June 30, 2017. Residential Real Estate Loan Foreclosures There were three no June 30, 2018. three six June 30, 2018, no one $63 June 30, 2018. There were two $89 June 30, 2017. one $80 three June 30, 2017. six June 30, 2017, two $125 two six June 30, 2017, one $45 four $166 June 30, 2017. |
Note 5 - Borrowed Funds
Note 5 - Borrowed Funds | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 5. Borrowed Funds Short-term borrowings available to FNCB include overnight FHLB of Pittsburgh advances, federal funds purchased and the Federal Reserve Discount Window, which generally represent overnight or less than 30 FNCB has an agreement with the FHLB of Pittsburgh which allows for borrowings, either overnight or term, up to its maximum borrowing capacity, which is based on a percentage of qualifying loans pledged under a blanket pledge agreement. Loans of $469.3 $448.2 June 30, 2018 December 31, 2017, $328.6 June 30, 2018, $101.7 three five $72.6 June 30, 2018, $39.5 (in thousands) June 30, 2018 December 31, 2017 FHLB of Pittsburgh advances - overnight $ 72,590 $ - FHLB of Pittsburgh advances - term 101,661 44,968 Subtotal FHLB of Pittsburgh advances 174,251 44,968 Subordinated debentures 5,000 5,000 Junior subordinated debentures 10,310 10,310 Total borrowed funds $ 189,561 $ 60,278 Advances from the FHLB of Pittsburgh were $174.3 June 30, 2018, $129.3 287.5%, $45.0 December 31, 2017. first six 2018 There have been no six June 30, 2018. 8 10 December 31, 2017. |
Note 6 - Income Taxes
Note 6 - Income Taxes | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 6. On December 22, 2017, 1, 2018, 35.0% 21.0% January 1, 2018. 21.0% three six June 30, 2018 34.0% three six June 30, 2017: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 613 21.00 % $ 919 34.00 % $ 1,126 21.00 % $ 1,940 34.00 % Add (deduct): Tax effects of non-taxable income (92 ) (3.16 %) (112 ) (4.14 %) (170 ) (3.18 %) (234 ) (4.10 %) Non-deductible interest expense 4 0.13 % 3 0.09 % 6 0.11 % 6 0.10 % Bank-owned life insurance (29 ) (1.00 %) (46 ) (1.70 %) (57 ) (1.06 %) (92 ) (1.61 %) Other items, net 12 0.43 % 146 5.43 % 29 0.54 % 96 1.69 % Income tax expense $ 508 17.40 % $ 910 33.68 % $ 934 17.41 % $ 1,716 30.08 % FNCB had net deferred tax assets of $16.3 June 30, 2018, $8.5 $40.5 December 31, 2017, $15.8 Management evaluates the carrying amount of its deferred tax assets on a quarterly basis, or more frequently if necessary, in accordance with guidance set forth in ASC Topic 740 not not not not not Management performed an evaluation of FNCB’s deferred tax assets at June 30, 2018 not June 30, 2018 December 31, 2017. |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 7. ty Transactions In conducting its business, FNCB has engaged in, and intends to continue to engage in, banking and financial transactions with directors, executive officers and their related parties. FNCB has granted loans, letters of credit and lines of credit to directors, executive officers and their related parties. The following table summarizes the changes in the total amounts of such outstanding loans, advances under lines of credit, net of any participations sold, as well as repayments during the three six June 30, 2018 2017: For the Three Months Ended For the Six Months Ended June 30, June 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ 65,884 $ 44,189 $ 55,576 $ 42,007 Additions, new loans and advances 11,946 10,562 43,115 36,772 Repayments (8,004 ) (13,326 ) (28,865 ) (37,354 ) Balance, end of period $ 69,826 $ 41,425 $ 69,826 $ 41,425 At June 30, 2018, no not Deposits from directors, executive officers and their related parties held by the Bank at June 30, 2018 December 31, 2017 $83.3 $139.2 $55.9 $157 $131 six June 30, 2018 2017. In the course of its operations, FNCB acquires goods and services from, and transacts business with, various companies of related parties, which include, but are not $0.6 $1.0 three six June 30, 2018, $0.6 $1.1 2017. Subordinated notes (the “Notes”) held by directors and/or their related parties totaled $3.1 June 30, 2018 December 31, 2017. $35 $70 three six June 30, 2018, $71 $140 2017. |
Note 8 - Contingencies
Note 8 - Contingencies | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 8. On May 24, 2012, February 4, 2014, $5.0 $5.0 March 28, 2014. $2.5 December 31, 2013. April 1, 2014, $2.5 $2.5 July 1, 2017, $25,000 April 11, 2018, $2.5 On September 5, 2012, November 9, 2012, August 9, 2017. FNCB has been subject to tax audits, and is also a party to routine litigation involving various aspects of its business, such as employment practice claims, workers compensation claims, claims to enforce liens, condemnation proceedings on properties in which FNCB holds security interests, claims involving the making and servicing of real property loans and other issues incident to its business, none Except as disclosed in this Note 8 no 10 December 31, 2017. |
Note 9 - Stock Compensation Pla
Note 9 - Stock Compensation Plans | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 9. FNCB has a Long-Term Incentive Compensation Plan (“LTIP”) for directors, executive officers and key employees. The LTIP authorizes up to 1,200,000 six June 30, 2018 2017, 57,829 54,549 June 30, 2018, 921,069 six June 30, 2018 2017, $137 $167 $819 $608 June 30, 2018 2017, The following table summarizes the activity related to FNCB’s unvested restricted stock awards during the three six June 30, 2018 2017: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 162,679 $ 7.05 142,283 $ 6.09 106,129 $ 6.23 103,874 $ 5.74 Awards granted - - - - 57,829 8.54 54,549 6.83 Forfeitures - - - - (1,279 ) 6.88 (5,050 ) 5.65 Vestings (46,358 ) 5.93 (35,788 ) 5.65 (46,358 ) 5.93 (46,878 ) 5.90 Unvested, end of period 116,321 $ 7.50 106,495 $ 6.24 116,321 $ 7.50 106,495 $ 6.24 FNCB had an Employee Stock Incentive Plan (the “Stock Incentive Plan”), where options were granted to key officers and other employees of FNCB. The aggregate number of shares authorized to be issued upon exercise of the options under the Stock Incentive Plan could not 1,100,000 six ten August 30, 2010. no No three six June 30, 2018 2017. There have been no six June 30, 2018. 13 10 December 31, 2017. |
Note 10 - Regulatory Matters_Su
Note 10 - Regulatory Matters/Subsequent Event | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 10. FNCB’s ability to pay dividends to its shareholders is largely dependent on the Bank’s ability to pay dividends to FNCB. Bank regulations limit the amount of dividends that may three six June 30, 2018, $0.04 $0.08 $0.03 $0.06 2017. July 1, 2017, January 2018, three six June 30, 2018 4,139 12,776, 29,861 65,240 2017. July 26, 2018, third 2018 $0.04 September 17, 2018, September 4, 2018. FNCB is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material adverse effect on FNCB’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices must be met. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Current quantitative measures established by regulation to ensure capital adequacy require FNCB to maintain minimum amounts and ratios (set forth in the tables below) of Total capital, Tier I capital, and Tier I common equity (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). The following tables present summary information regarding FNCB’s and the Bank’s risk-based capital and related ratios at June 30, 2018 December 31, 2017: Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio June 30, 2018 Total capital (to risk-weighted assets) $ 105,477 11.31 % $ 106,594 11.46 % 8.00 % 9.875 % 10.00 % Tier I capital (to risk-weighted assets) 93,692 10.05 % 96,809 10.41 % 6.00 % 7.875 % 8.00 % Tier I common equity (to risk-weighted assets) 85,778 9.20 % 96,809 10.41 % 4.50 % 6.375 % 6.50 % Tier I capital (to average assets) 93,692 7.69 % 96,809 7.96 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 932,367 930,273 Total average assets 1,217,970 1,216,360 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2017 Total capital (to risk-weighted assets) $ 101,135 12.08 % $ 104,272 12.49 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 89,220 10.66 % 94,856 11.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,493 9.74 % 94,856 11.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 89,220 7.74 % 94,856 8.24 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 837,032 834,959 Total average assets 1,152,776 1,151,539 *Applies to the Bank only. |
Note 11 - Fair Value Measuremen
Note 11 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 11. In determining fair value, FNCB uses various valuation approaches, including market, income and cost approaches. Accounting standards establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, which are developed based on market data obtained from sources independent of FNCB. Unobservable inputs reflect FNCB’s knowledge about the assumptions the market participants would use in pricing an asset or liability, which are developed based on the best information available in the circumstances. The fair value hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 3 three ● Level 1 ● Level 2 not ● Level 3 not A description of the valuation methodologies used for assets recorded at fair value is set forth below. Available-for-Sale Debt Securities The estimated fair values for FNCB’s investments in obligations of U.S. government agencies, obligations of state and political subdivisions, government-sponsored agency CMOs and mortgage-backed securities, corporate debt securities, asset-backed securities and negotiable certificates of deposit are obtained by FNCB from a nationally-recognized pricing service. This pricing service develops estimated fair values by analyzing like securities and applying available market information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing (Level 2 may 2 2 not not 2 For those securities for which the inputs used by an independent pricing service were derived from unobservable market information, FNCB evaluated the appropriateness and quality of each price. Management reviewed the volume and level of activity for all classes of securities and attempted to identify transactions which may not may 3 third At June 30, 2018, three $4.0 June 30, 2018 not not third 3 6.37% 7.12% third Equity Securities The estimated fair values of equity securities are determined by obtaining quoted prices on nationally recognized exchanges (Level 1 Assets Measured at Fair Value on a Recurring Basis The following tables present the financial assets that are measured at fair value on a recurring basis at June 30, 2018 December 31, 2017, Fair Value Measurements at June 30, 2018 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 150,455 $ - $ 150,455 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 33,961 - 33,961 - Collateralized mortgage obligations - commercial 73,074 - 73,074 - Mortgage-backed securities 24,156 - 24,156 - Corporate debt securities 3,957 - - 3,957 Asset-backed securities 2,355 - 2,355 - Negotiable certificates of deposit 2,905 - 2,905 - Total available-for-sale debt securities $ 290,863 $ - $ 286,906 $ 3,957 Equity securities: Mutual fund $ 892 $ 892 $ - $ - Fair Value Measurements at December 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 145,999 $ - $ 145,999 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,657 - 35,657 - Collateralized mortgage obligations - commercial 75,418 - 75,418 - Mortgage-backed securities 22,311 - 22,311 - Corporate debt securities 4,058 - - 4,058 Asset-backed securities 3,086 - 3,086 - Negotiable certificates of deposit 2,930 - 2,930 - Total available-for-sale debt securities $ 289,459 $ - $ 285,401 $ 4,058 Equity securities: Mutual fund $ 918 $ 918 $ - $ - There were no six June 30, 2018 2017. The following table presents a reconciliation and statement of operations classifications of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3 six June 30, 2018 2017. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Corporate Debt Securities (in thousands) 2018 2017 Balance at January 1, $ 4,058 $ 3,339 Additions - 2,000 Payments Received - - Sales - - Total gains or losses (realized/unrealized): Included in earnings - - Included in other comprehensive (loss) income (101 ) 83 Balance at June 30, $ 3,957 $ 5,422 Assets Measured at Fair Value on a Non-Recurring Basis The following tables present assets and liabilities measured at fair value on a non-recurring basis at June 30, 2018 December 31, 2017, 3 June 30, 2018 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 750 $ 600 $ 150 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,284 96 4,188 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 63 - 63 Appraisal of collateral Selling cost 10.0% December 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,262 $ 636 $ 626 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,578 137 4,441 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 1,023 - 1,023 Appraisal of collateral Selling cost 10.0% The fair value of collateral-dependent impaired loans is determined through independent appraisals or other reasonable offers, which generally include various Level 3 not may not OREO properties are recorded at fair value less the estimated cost to sell at the date of FNCB’s acquisition of the property. Subsequent to acquisition of the property, the balance may may The following table summarizes the estimated fair values of FNCB’s financial instruments at June 30, 2018 December 31, 2017. not not may During the first 2018, 2016 01 825 10 not June 30, 2018. December 31, 2017 Fair Value June 30, 2018 December 31, 2017 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 21,124 $ 21,124 $ 37,746 $ 37,746 Securities available for sale See previous table 290,863 290,863 289,459 289,459 Equity securities Level 1 892 892 918 918 Restricted stock Level 2 7,964 7,964 2,763 2,763 Loans held for sale Level 2 629 629 1,095 1,095 Loans, net Level 3 845,932 825,818 761,609 752,222 Accrued interest receivable Level 2 3,654 3,654 3,234 3,234 Equity securities without readily determinable fair values Level 3 1,658 1,658 1,658 1,658 Servicing rights Level 3 338 821 265 774 Financial liabilities Deposits Level 2 955,243 953,202 1,002,448 962,586 Borrowed funds Level 2 174,251 189,420 60,278 60,214 Accrued interest payable Level 2 331 331 241 241 |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 12. For FNCB, the numerator of both the basic and diluted earnings per share of common stock is net income available to common shareholders. The weighted average number of common shares outstanding used in the denominator for basic earnings per common share is increased to determine the denominator used for diluted earnings per common share by the effect of potentially dilutive common share equivalents utilizing the treasury stock method. Common share equivalents are outstanding stock options to purchase FNCB’s common shares and unvested restricted stock. The following table presents the calculation of both basic and diluted earnings per share of common stock for the three six June 30, 2018 2017: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except share data) 2018 2017 2018 2017 Net income $ 2,412 $ 1,792 $ 4,431 $ 3,989 Basic weighted-average number of common shares outstanding 16,792,812 16,716,899 16,778,188 16,687,389 Plus: Common share equivalents 26,474 20,096 23,238 16,667 Diluted weighted-average number of common shares outstanding 16,819,286 16,736,995 16,801,426 16,704,056 Income per common share: Basic $ 0.14 $ 0.11 $ 0.26 $ 0.24 Diluted $ 0.14 $ 0.11 $ 0.26 $ 0.24 For the three six June 30, 2018 2017, 19,200 31,200 six June 30, 2018 2017, |
Note 13 - Other Comprehensive I
Note 13 - Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 13. The following tables summarize the reclassifications out of accumulated other comprehensive income (loss) for the three six June 30, 2018 2017, Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Amount Reclassifed Amount Reclassifed from Accumulated Affected Line Item in the from Accumulated Affected Line Item in the Other Comprehensive Consolidated Statements Other Comprehensive Consolidated Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale securities: Reclassification adjustment for net losses reclassified into net income $ 4 Net (loss) gain on sale of securities $ 4 Net (loss) gain on sale of securities Taxes (1 ) Income taxes (1 ) Income taxes Net of tax amount $ 3 $ 3 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amount Reclassifed Amount Reclassifed from Accumulated Affected Line Item in the from Accumulated Affected Line Item in the Other Comprehensive Consolidated Statements Other Comprehensive Consolidated Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (693 ) Net (loss) gain on sale of securities $ (971 ) Net (loss) gain on sale of securities Taxes 235 Income taxes 330 Income taxes Net of tax amount $ (458 ) $ (641 ) The following table summarizes the changes in accumulated other comprehensive (loss) income, net of tax for the three six June 30, 2018 2017: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ (5,612 ) $ (532 ) $ (1,745 ) $ (1,560 ) Other comprehensive (loss) income before reclassifications (1,453 ) 2,194 (5,385 ) 3,405 Amounts reclassified from accumulated other comprehensive (loss) income 3 (458 ) 3 (641 ) Net other comprehensive (loss) income during the period (1,450 ) 1,736 (5,382 ) 2,764 Reclassification of net loss on equity securities upon adoption of ASU 2016-01 - - 65 - Balance, end of period $ (7,062 ) $ 1,204 $ (7,062 ) $ 1,204 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | June 30, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 154,461 $ 9 $ 4,015 $ 150,455 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,144 - 1,183 33,961 Collateralized mortgage obligations - commercial 76,219 - 3,145 73,074 Mortgage-backed securities 24,666 21 531 24,156 Corporate debt securities 4,000 - 43 3,957 Asset-backed securities 2,388 - 33 2,355 Negotiable certificates of deposit 2,924 - 19 2,905 Total available-for-sale debt securities $ 299,802 $ 30 $ 8,969 $ 290,863 December 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 146,812 $ 567 $ 1,380 $ 145,999 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,100 73 516 35,657 Collateralized mortgage obligations - commercial 76,396 - 978 75,418 Mortgage-backed securities 22,254 174 117 22,311 Corporate debt securities 4,000 58 - 4,058 Asset-backed securities 3,100 3 17 3,086 Negotiable certificates of deposit 2,924 6 - 2,930 Total available-for-sale debt securities $ 291,586 $ 881 $ 3,008 $ 289,459 |
Investments Classified by Contractual Maturity Date [Table Text Block] | June 30, 2018 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 496 $ 495 After one year through five years 54,566 53,649 After five years through ten years 102,255 99,240 After ten years 4,068 3,933 Asset-backed securities 2,388 2,355 Collateralized mortgage obligations 111,363 107,035 Mortgage-backed securities 24,666 24,156 Total $ 299,802 $ 290,863 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 2018 Less than 12 Months 12 Months or Longer Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of state and political subdivisions 109 $ 121,305 $ 2,492 27 $ 26,559 $ 1,523 136 $ 147,864 $ 4,015 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 14 32,961 1,183 1 16 - 15 32,977 1,183 Collateralized mortgage obligations - commercial 23 63,283 2,578 2 9,790 567 25 73,073 3,145 Mortgage-backed securities 8 18,650 405 2 1,985 126 10 20,635 531 Corporate debt securities 3 3,957 43 - - - 3 3,957 43 Asset-backed securities 1 492 3 1 1,863 30 2 2,355 33 Negotiable certificates of deposit 12 2,905 19 - - - 12 2,905 19 Total 170 $ 243,553 $ 6,723 33 $ 40,213 $ 2,246 203 $ 283,766 $ 8,969 December 31, 2017 Less than 12 Months 12 Months or Longer Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of state and political subdivisions 56 $ 65,056 $ 497 26 $ 24,595 $ 883 82 $ 89,651 $ 1,380 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 10 24,686 516 1 53 - 11 24,739 516 Collateralized mortgage obligations - commercial 22 64,344 672 2 10,076 306 24 74,420 978 Mortgage-backed securities 4 8,454 56 2 2,058 61 6 10,512 117 Corporate debt securities - - - - - - - - - Asset-backed securities 1 2,443 17 - - - 1 2,443 17 Negotiable certificates of deposit 1 247 - - - - 1 247 - Total 94 $ 165,230 $ 1,758 31 $ 36,782 $ 1,250 125 $ 202,012 $ 3,008 |
Gain (Loss) on Securities [Table Text Block] | For the Six Months Ended June 30, (in thousands) 2018 Net losses recognized on equity securities $ (26 ) Less: net gains (losses) recognized on equity securities sold - Unrealized losses on equity securities held $ (26 ) |
Investment [Table Text Block] | June 30, December 31, (in thousands) 2018 2017 Stock in Federal Home Loan Bank of Pittsburgh $ 7,954 $ 2,753 Stock in Atlantic Community Bankers Bank 10 10 Total restricted securities, at cost $ 7,964 $ 2,763 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, (in thousands) 2018 2017 Residential real estate $ 168,827 $ 158,020 Commercial real estate 260,119 261,783 Construction, land acquisition and development 23,340 20,981 Commercial and industrial 167,001 150,103 Consumer 179,088 134,653 State and political subdivisions 52,954 42,529 Total loans, gross 851,329 768,069 Unearned income (75 ) (80 ) Net deferred loan costs 4,137 2,654 Allowance for loan and lease losses (9,459 ) (9,034 ) Loans, net $ 845,932 $ 761,609 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total Three months ended June 30, 2018: Allowance for loan losses: Beginning balance, April 1, 2018 $ 1,249 $ 3,342 $ 256 $ 2,505 $ 1,822 $ 388 $ 9,562 Charge-offs - (1,126 ) - (4 ) (180 ) - (1,310 ) Recoveries 121 2 - 75 129 - 327 Provisions (credits) (169 ) 889 (5 ) (121 ) 235 51 880 Ending balance, June 30, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Three months ended June 30, 2017: Allowance for loan losses: Beginning balance, April 1, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ 8,306 Charge-offs (31 ) (29 ) - (317 ) (88 ) - (465 ) Recoveries 11 1 - 110 85 - 207 Provisions (credits) 24 (451 ) 13 841 35 (41 ) 421 Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 Six months ended June 30, 2018: Allowance for loan losses: Beginning balance, January 1, 2018 $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ 9,034 Charge-offs (63 ) (1,126 ) - (81 ) (440 ) - (1,710 ) Recoveries 127 3 30 147 228 - 535 Provisions (credits) (99 ) 731 12 49 823 84 1,600 Ending balance, June 30, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Six months ended June 30, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ 8,419 Charge-offs (80 ) (29 ) - (347 ) (306 ) - (762 ) Recoveries 12 5 421 179 252 - 869 Provisions (credits) 45 (251 ) (453 ) 745 39 (182 ) (57 ) Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total June 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 8 $ 86 $ - $ 600 $ 2 $ - $ 696 Collectively evaluated for impairment 1,193 3,021 251 1,855 2,004 439 8,763 Total $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ 9,459 Loans receivable: Individually evaluated for impairment $ 1,801 $ 8,464 $ 83 $ 793 $ 388 $ - $ 11,529 Collectively evaluated for impairment 167,026 251,655 23,257 166,208 178,700 52,954 839,800 Total $ 168,827 $ 260,119 $ 23,340 $ 167,001 $ 179,088 $ 52,954 $ 851,329 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 33 $ 138 $ - $ 600 $ 2 $ - $ 773 Collectively evaluated for impairment 1,203 3,361 209 1,740 1,393 355 8,261 Total $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ 9,034 Loans receivable: Individually evaluated for impairment $ 1,902 $ 8,164 $ 85 $ 795 $ 395 $ - $ 11,341 Collectively evaluated for impairment 156,118 253,619 20,896 149,308 134,258 42,529 756,728 Total $ 158,020 $ 261,783 $ 20,981 $ 150,103 $ 134,653 $ 42,529 $ 768,069 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Quality Indicators June 30, 2018 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 34,346 $ 411 $ 134 $ - $ - $ 34,891 $ 133,602 $ 334 $ 133,936 $ 168,827 Commercial real estate 246,509 2,253 11,357 - - 260,119 - - - 260,119 Construction, land acquisition and development 20,990 324 575 - - 21,889 1,451 - 1,451 23,340 Commercial and industrial 157,690 649 2,353 - - 160,692 6,309 - 6,309 167,001 Consumer 2,040 35 - - - 2,075 176,724 289 177,013 179,088 State and political subdivisions 51,768 1,020 102 - - 52,890 64 - 64 52,954 Total $ 513,343 $ 4,692 $ 14,521 $ - $ - $ 532,556 $ 318,150 $ 623 $ 318,773 $ 851,329 Credit Quality Indicators December 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 27,186 $ 421 $ 62 $ - $ - $ 27,669 $ 129,887 $ 464 $ 130,351 $ 158,020 Commercial real estate 245,779 2,461 13,543 - - 261,783 - - - 261,783 Construction, land acquisition and development 18,280 330 6 - - 18,616 2,365 - 2,365 20,981 Commercial and industrial 142,019 479 1,597 - - 144,095 6,008 - 6,008 150,103 Consumer 1,731 - 34 - - 1,765 132,584 304 132,888 134,653 State and political subdivisions 42,040 - 396 - - 42,436 93 - 93 42,529 Total $ 477,035 $ 3,691 $ 15,638 $ - $ - $ 496,364 $ 270,937 $ 768 $ 271,705 $ 768,069 |
Past Due Financing Receivables [Table Text Block] | June 30, 2018 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 167,523 $ 827 $ 20 $ - $ 168,370 Commercial real estate 258,268 - - - 258,268 Construction, land acquisition and development 23,257 - 83 - 23,340 Commercial and industrial 165,873 223 33 - 166,129 Consumer 177,430 1,104 265 - 178,799 State and political subdivisions 52,954 - - - 52,954 Total performing (accruing) loans 845,305 2,154 401 - 847,860 Non-accrual loans: Residential real estate 317 - - 140 457 Commercial real estate 1,126 - - 725 1,851 Construction, land aquisition and development - - - - - Commercial and industrial 750 - 83 39 872 Consumer 50 68 53 118 289 State and political subdivisions - - - - - Total non-accrual loans 2,243 68 136 1,022 3,469 Total loans receivable $ 847,548 $ 2,222 $ 537 $ 1,022 $ 851,329 December 31, 2017 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 156,701 $ 793 $ - $ - $ 157,494 Commercial real estate 260,276 70 473 - 260,819 Construction, land acquisition and development 20,954 27 - - 20,981 Commercial and industrial 149,046 185 88 - 149,319 Consumer 133,034 1,028 287 - 134,349 State and political subdivisions 42,529 - - - 42,529 Total peforming (accruing) loans 762,540 2,103 848 - 765,491 Non-accrual loans: Residential real estate 342 63 - 120 525 Commercial real estate - - - 964 964 Construction, land acquisition and development - - - - - Commercial and industrial 750 - - 35 785 Consumer 25 92 53 134 304 State and political subdivisions - - - - - Total non-accrual loans 1,117 155 53 1,253 2,578 Total loans receivable $ 763,657 $ 2,258 $ 901 $ 1,253 $ 768,069 |
Impaired Financing Receivables [Table Text Block] | June 30, 2018 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 205 $ 277 $ - Commercial real estate 6,160 7,023 - Construction, land acquisition and development 83 83 - Commercial and industrial 20 52 - Consumer 28 29 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 6,496 7,464 - With a related allowance recorded: Residential real estate 1,596 1,596 8 Commercial real estate 2,304 2,304 86 Construction, land acquisition and development - - - Commercial and industrial 773 773 600 Consumer 360 360 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,033 5,033 696 Total impaired loans: Residential real estate 1,801 1,873 8 Commercial real estate 8,464 9,327 86 Construction, land acquisition and development 83 83 - Commercial and industrial 793 825 600 Consumer 388 389 2 State and political subdivisions - - - Total impaired loans $ 11,529 $ 12,497 $ 696 December 31, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 190 $ 216 $ - Commercial real estate 5,174 5,295 - Construction, land acquisition and development 85 85 - Commercial and industrial 21 53 - Consumer 30 30 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 5,500 5,679 - With a related allowance recorded: Residential real estate 1,712 1,751 33 Commercial real estate 2,990 2,990 138 Construction, land acquisition and development - - - Commercial and industrial 774 774 600 Consumer 365 365 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,841 5,880 773 Total impaired loans: Residential real estate 1,902 1,967 33 Commercial real estate 8,164 8,285 138 Construction, land acquisition and development 85 85 - Commercial and industrial 795 827 600 Consumer 395 395 2 State and political subdivisions - - - Total impaired loans $ 11,341 $ 11,559 $ 773 |
Schedule of Average Balance and Interest Income on Impaired Loans [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Residential real estate $ 1,805 $ 21 $ 1,841 $ 21 $ 1,837 $ 42 $ 1,884 $ 42 Commercial real estate 7,826 75 7,452 72 7,833 152 6,133 112 Construction, land acquisition and development 84 1 87 1 84 2 123 2 Commercial and industrial 794 1 1,059 9 794 1 879 14 Consumer 389 3 295 3 391 7 296 6 State and political subdivisions - - - - - - - - Total impaired loans $ 10,898 $ 101 $ 10,734 $ 106 $ 10,939 $ 204 $ 9,315 $ 176 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended June 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification Post-Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Forebearance Total Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ 63 $ 63 Commercial real estate 7 1,228 - - 1,228 1,228 Construction, land acquisition and development - - - - - - Commercial and industrial 3 1,125 - 25 1,150 1,150 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 11 $ 2,353 $ 63 $ 25 $ 2,441 $ 2,441 Six Months Ended June 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification Post-Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Forebearance Total Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ 63 $ 63 Commercial real estate 8 5,250 - - 5,250 5,250 Construction, land acquisition and development - - - - - - Commercial and industrial 4 1,820 - 25 1,845 1,845 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 13 $ 7,070 $ 63 $ 25 $ 7,158 $ 7,158 |
Note 5 - Borrowed Funds (Tables
Note 5 - Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (in thousands) June 30, 2018 December 31, 2017 FHLB of Pittsburgh advances - overnight $ 72,590 $ - FHLB of Pittsburgh advances - term 101,661 44,968 Subtotal FHLB of Pittsburgh advances 174,251 44,968 Subordinated debentures 5,000 5,000 Junior subordinated debentures 10,310 10,310 Total borrowed funds $ 189,561 $ 60,278 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 613 21.00 % $ 919 34.00 % $ 1,126 21.00 % $ 1,940 34.00 % Add (deduct): Tax effects of non-taxable income (92 ) (3.16 %) (112 ) (4.14 %) (170 ) (3.18 %) (234 ) (4.10 %) Non-deductible interest expense 4 0.13 % 3 0.09 % 6 0.11 % 6 0.10 % Bank-owned life insurance (29 ) (1.00 %) (46 ) (1.70 %) (57 ) (1.06 %) (92 ) (1.61 %) Other items, net 12 0.43 % 146 5.43 % 29 0.54 % 96 1.69 % Income tax expense $ 508 17.40 % $ 910 33.68 % $ 934 17.41 % $ 1,716 30.08 % |
Note 7 - Related Party Transa26
Note 7 - Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the Three Months Ended For the Six Months Ended June 30, June 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ 65,884 $ 44,189 $ 55,576 $ 42,007 Additions, new loans and advances 11,946 10,562 43,115 36,772 Repayments (8,004 ) (13,326 ) (28,865 ) (37,354 ) Balance, end of period $ 69,826 $ 41,425 $ 69,826 $ 41,425 |
Note 9 - Stock Compensation P27
Note 9 - Stock Compensation Plans (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 162,679 $ 7.05 142,283 $ 6.09 106,129 $ 6.23 103,874 $ 5.74 Awards granted - - - - 57,829 8.54 54,549 6.83 Forfeitures - - - - (1,279 ) 6.88 (5,050 ) 5.65 Vestings (46,358 ) 5.93 (35,788 ) 5.65 (46,358 ) 5.93 (46,878 ) 5.90 Unvested, end of period 116,321 $ 7.50 106,495 $ 6.24 116,321 $ 7.50 106,495 $ 6.24 |
Note 10 - Regulatory Matters_28
Note 10 - Regulatory Matters/Subsequent Event (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio June 30, 2018 Total capital (to risk-weighted assets) $ 105,477 11.31 % $ 106,594 11.46 % 8.00 % 9.875 % 10.00 % Tier I capital (to risk-weighted assets) 93,692 10.05 % 96,809 10.41 % 6.00 % 7.875 % 8.00 % Tier I common equity (to risk-weighted assets) 85,778 9.20 % 96,809 10.41 % 4.50 % 6.375 % 6.50 % Tier I capital (to average assets) 93,692 7.69 % 96,809 7.96 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 932,367 930,273 Total average assets 1,217,970 1,216,360 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2017 Total capital (to risk-weighted assets) $ 101,135 12.08 % $ 104,272 12.49 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 89,220 10.66 % 94,856 11.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,493 9.74 % 94,856 11.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 89,220 7.74 % 94,856 8.24 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 837,032 834,959 Total average assets 1,152,776 1,151,539 *Applies to the Bank only. |
Note 11 - Fair Value Measurem29
Note 11 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at June 30, 2018 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 150,455 $ - $ 150,455 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 33,961 - 33,961 - Collateralized mortgage obligations - commercial 73,074 - 73,074 - Mortgage-backed securities 24,156 - 24,156 - Corporate debt securities 3,957 - - 3,957 Asset-backed securities 2,355 - 2,355 - Negotiable certificates of deposit 2,905 - 2,905 - Total available-for-sale debt securities $ 290,863 $ - $ 286,906 $ 3,957 Equity securities: Mutual fund $ 892 $ 892 $ - $ - Fair Value Measurements at December 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 145,999 $ - $ 145,999 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,657 - 35,657 - Collateralized mortgage obligations - commercial 75,418 - 75,418 - Mortgage-backed securities 22,311 - 22,311 - Corporate debt securities 4,058 - - 4,058 Asset-backed securities 3,086 - 3,086 - Negotiable certificates of deposit 2,930 - 2,930 - Total available-for-sale debt securities $ 289,459 $ - $ 285,401 $ 4,058 Equity securities: Mutual fund $ 918 $ 918 $ - $ - |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Corporate Debt Securities (in thousands) 2018 2017 Balance at January 1, $ 4,058 $ 3,339 Additions - 2,000 Payments Received - - Sales - - Total gains or losses (realized/unrealized): Included in earnings - - Included in other comprehensive (loss) income (101 ) 83 Balance at June 30, $ 3,957 $ 5,422 |
Fair Value Measurements, Nonrecurring [Table Text Block] | June 30, 2018 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 750 $ 600 $ 150 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,284 96 4,188 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 63 - 63 Appraisal of collateral Selling cost 10.0% December 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,262 $ 636 $ 626 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,578 137 4,441 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 1,023 - 1,023 Appraisal of collateral Selling cost 10.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value June 30, 2018 December 31, 2017 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 21,124 $ 21,124 $ 37,746 $ 37,746 Securities available for sale See previous table 290,863 290,863 289,459 289,459 Equity securities Level 1 892 892 918 918 Restricted stock Level 2 7,964 7,964 2,763 2,763 Loans held for sale Level 2 629 629 1,095 1,095 Loans, net Level 3 845,932 825,818 761,609 752,222 Accrued interest receivable Level 2 3,654 3,654 3,234 3,234 Equity securities without readily determinable fair values Level 3 1,658 1,658 1,658 1,658 Servicing rights Level 3 338 821 265 774 Financial liabilities Deposits Level 2 955,243 953,202 1,002,448 962,586 Borrowed funds Level 2 174,251 189,420 60,278 60,214 Accrued interest payable Level 2 331 331 241 241 |
Note 12 - Earnings Per Share (T
Note 12 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, (in thousands, except share data) 2018 2017 2018 2017 Net income $ 2,412 $ 1,792 $ 4,431 $ 3,989 Basic weighted-average number of common shares outstanding 16,792,812 16,716,899 16,778,188 16,687,389 Plus: Common share equivalents 26,474 20,096 23,238 16,667 Diluted weighted-average number of common shares outstanding 16,819,286 16,736,995 16,801,426 16,704,056 Income per common share: Basic $ 0.14 $ 0.11 $ 0.26 $ 0.24 Diluted $ 0.14 $ 0.11 $ 0.26 $ 0.24 |
Note 13 - Other Comprehensive31
Note 13 - Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Amount Reclassifed Amount Reclassifed from Accumulated Affected Line Item in the from Accumulated Affected Line Item in the Other Comprehensive Consolidated Statements Other Comprehensive Consolidated Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale securities: Reclassification adjustment for net losses reclassified into net income $ 4 Net (loss) gain on sale of securities $ 4 Net (loss) gain on sale of securities Taxes (1 ) Income taxes (1 ) Income taxes Net of tax amount $ 3 $ 3 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amount Reclassifed Amount Reclassifed from Accumulated Affected Line Item in the from Accumulated Affected Line Item in the Other Comprehensive Consolidated Statements Other Comprehensive Consolidated Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (693 ) Net (loss) gain on sale of securities $ (971 ) Net (loss) gain on sale of securities Taxes 235 Income taxes 330 Income taxes Net of tax amount $ (458 ) $ (641 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ (5,612 ) $ (532 ) $ (1,745 ) $ (1,560 ) Other comprehensive (loss) income before reclassifications (1,453 ) 2,194 (5,385 ) 3,405 Amounts reclassified from accumulated other comprehensive (loss) income 3 (458 ) 3 (641 ) Net other comprehensive (loss) income during the period (1,450 ) 1,736 (5,382 ) 2,764 Reclassification of net loss on equity securities upon adoption of ASU 2016-01 - - 65 - Balance, end of period $ (7,062 ) $ 1,204 $ (7,062 ) $ 1,204 |
Note 2 - New Authoritative Ac32
Note 2 - New Authoritative Accounting Guidance (Details Textual) $ in Thousands | Jan. 01, 2019USD ($) |
Scenario, Forecast [Member] | |
Operating Leases, Future Minimum Payments Due, Total | $ 825 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | Jan. 01, 2018USD ($) | Jun. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Individual Stockholders Equity Maximum Percentage | 10.00% | ||||||
Security Owned and Pledged as Collateral, Fair Value, Total | $ 284,600 | $ 284,600 | $ 282,300 | ||||
Proceeds from Sale of Available-for-sale Securities, Total | 4,600 | $ 53,300 | 4,600 | $ 76,500 | |||
Available-for-sale Securities, Gross Realized Losses | 4 | 43 | 4 | 43 | |||
Available-for-sale Securities, Gross Realized Gains | $ 0 | 736 | $ 0 | 1,014 | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 203 | 203 | 125 | ||||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | ||||||
Available-for-sale Equity Securities, Amortized Cost Basis, Total | $ 1,000 | ||||||
Available-for-sale Equity Securities, Gross Unrealized Loss | 82 | ||||||
Available-for-sale Securities, Equity Securities | 918 | ||||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | |||||||
Equity Securities, FV-NI, Gain (Loss), Total | $ (7) | (26) | |||||
Other Assets [Member] | |||||||
Equity Securities without Readily Determinable Fair Value, Amount | 1,700 | 1,700 | |||||
Federal Home Loan Bank of Pittsburgh [Member] | |||||||
Impairment on Federal Reserve Bank of Philadelphia Stock | $ 0 | 0 | $ 0 | ||||
Retained Earnings [Member] | |||||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | $ (65) | ||||||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | |||||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | $ (65) | ||||||
US States and Political Subdivisions Debt Securities [Member] | |||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 136 | 136 | 82 | ||||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 50 | 50 | |||||
Negotiable Certificates of Deposit [Member] | |||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 12 | 12 | 1 | ||||
Asset-backed Securities [Member] | |||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 2 | 2 | 1 | ||||
Corporate Debt Securities [Member] | |||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 3 | 3 | |||||
Equity Security Without Readily Determinable Fair Value [Member] | |||||||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | ||||||
Payments to Acquire Other Investments | $ 1,700 | ||||||
Subordinated Note 1 Previously Recorded in Loan Portfolio [Member] | |||||||
Transfer to Investments | $ 1,000 | ||||||
Subordinated Note 2 Previously Recorded in Loan Portfolio [Member] | |||||||
Transfer to Investments | 1,000 | ||||||
Reclassified Recorded Investment from Loans Receivable to Available-for-sale Securities [Member | December 31, 2015 [Member] | |||||||
Prior Period Reclassification Adjustment | $ 3,000 |
Note 3 - Securities - Available
Note 3 - Securities - Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Available-for-sale debt securities, amortized cost | $ 299,802 | $ 291,586 |
Available-for-sale debt securities, gross unrealized holding gains | 30 | 881 |
Available-for-sale debt securities, gross unrealized holding losses | 8,969 | 3,008 |
Total, fair value | 290,863 | 289,459 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 154,461 | 146,812 |
Available-for-sale debt securities, gross unrealized holding gains | 9 | 567 |
Available-for-sale debt securities, gross unrealized holding losses | 4,015 | 1,380 |
Total, fair value | 150,455 | 145,999 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 35,144 | 36,100 |
Available-for-sale debt securities, gross unrealized holding gains | 73 | |
Available-for-sale debt securities, gross unrealized holding losses | 1,183 | 516 |
Total, fair value | 33,961 | 35,657 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 76,219 | 76,396 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 0 |
Available-for-sale debt securities, gross unrealized holding losses | 3,145 | 978 |
Total, fair value | 73,074 | 75,418 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 24,666 | 22,254 |
Available-for-sale debt securities, gross unrealized holding gains | 21 | 174 |
Available-for-sale debt securities, gross unrealized holding losses | 531 | 117 |
Total, fair value | 24,156 | 22,311 |
Corporate Debt Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 4,000 | 4,000 |
Available-for-sale debt securities, gross unrealized holding gains | 58 | |
Available-for-sale debt securities, gross unrealized holding losses | 43 | |
Total, fair value | 3,957 | 4,058 |
Asset-backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 2,388 | 3,100 |
Available-for-sale debt securities, gross unrealized holding gains | 3 | |
Available-for-sale debt securities, gross unrealized holding losses | 33 | 17 |
Total, fair value | 2,355 | 3,086 |
Negotiable Certificates of Deposit [Member] | ||
Available-for-sale debt securities, amortized cost | 2,924 | 2,924 |
Available-for-sale debt securities, gross unrealized holding gains | 6 | |
Available-for-sale debt securities, gross unrealized holding losses | 19 | |
Total, fair value | $ 2,905 | $ 2,930 |
Note 3 - Securities - Availab35
Note 3 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
One year or less, amortized cost | $ 496 | |
One year or less, fair value | 495 | |
After one year through five years, amortized cost | 54,566 | |
After one year through five years, fair value | 53,649 | |
After five years through ten years, amortized cost | 102,255 | |
After five years through ten years, fair value | 99,240 | |
After ten years, amortized cost | 4,068 | |
After ten years, fair value | 3,933 | |
Total, amortized cost | 299,802 | $ 291,586 |
Total, fair value | 290,863 | 289,459 |
Asset-backed Securities [Member] | ||
Securities without a single maturity, amortized cost | 2,388 | |
Securities without a single maturity, fair value | 2,355 | |
Total, amortized cost | 2,388 | 3,100 |
Total, fair value | 2,355 | 3,086 |
Collateralized Mortgage Obligations [Member] | ||
Securities without a single maturity, amortized cost | 111,363 | |
Securities without a single maturity, fair value | 107,035 | |
Collateralized Mortgage Backed Securities [Member] | ||
Securities without a single maturity, amortized cost | 24,666 | |
Securities without a single maturity, fair value | 24,156 | |
Total, amortized cost | 24,666 | 22,254 |
Total, fair value | $ 24,156 | $ 22,311 |
Note 3 - Securities - Availab36
Note 3 - Securities - Available-for-sale Debt Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Less than 12 months, number of securities | 170 | 94 |
Less than 12 months, fair value | $ 243,553 | $ 165,230 |
Less than 12 months, gross unrealized losses | $ 6,723 | $ 1,758 |
12 months or longer, number of securities | 33 | 31 |
12 months or longer, fair value | $ 40,213 | $ 36,782 |
12 months or longer, gross unrealized losses | $ 2,246 | $ 1,250 |
Total, number of securities | 203 | 125 |
Total, fair value | $ 283,766 | $ 202,012 |
Total, gross unrealized losses | $ 8,969 | $ 3,008 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, number of securities | 109 | 56 |
Less than 12 months, fair value | $ 121,305 | $ 65,056 |
Less than 12 months, gross unrealized losses | $ 2,492 | $ 497 |
12 months or longer, number of securities | 27 | 26 |
12 months or longer, fair value | $ 26,559 | $ 24,595 |
12 months or longer, gross unrealized losses | $ 1,523 | $ 883 |
Total, number of securities | 136 | 82 |
Total, fair value | $ 147,864 | $ 89,651 |
Total, gross unrealized losses | $ 4,015 | $ 1,380 |
Residential Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 14 | 10 |
Less than 12 months, fair value | $ 32,961 | $ 24,686 |
Less than 12 months, gross unrealized losses | $ 1,183 | $ 516 |
12 months or longer, number of securities | 1 | 1 |
12 months or longer, fair value | $ 16 | $ 53 |
12 months or longer, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | 15 | 11 |
Total, fair value | $ 32,977 | $ 24,739 |
Total, gross unrealized losses | $ 1,183 | $ 516 |
Commercial Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 23 | 22 |
Less than 12 months, fair value | $ 63,283 | $ 64,344 |
Less than 12 months, gross unrealized losses | $ 2,578 | $ 672 |
12 months or longer, number of securities | 2 | 2 |
12 months or longer, fair value | $ 9,790 | $ 10,076 |
12 months or longer, gross unrealized losses | $ 567 | $ 306 |
Total, number of securities | 25 | 24 |
Total, fair value | $ 73,073 | $ 74,420 |
Total, gross unrealized losses | $ 3,145 | $ 978 |
Collateralized Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 8 | 4 |
Less than 12 months, fair value | $ 18,650 | $ 8,454 |
Less than 12 months, gross unrealized losses | $ 405 | $ 56 |
12 months or longer, number of securities | 2 | 2 |
12 months or longer, fair value | $ 1,985 | $ 2,058 |
12 months or longer, gross unrealized losses | $ 126 | $ 61 |
Total, number of securities | 10 | 6 |
Total, fair value | $ 20,635 | $ 10,512 |
Total, gross unrealized losses | $ 531 | $ 117 |
Corporate Debt Securities [Member] | ||
Less than 12 months, number of securities | 3 | |
Less than 12 months, fair value | $ 3,957 | |
Less than 12 months, gross unrealized losses | $ 43 | |
12 months or longer, number of securities | 0 | 0 |
12 months or longer, fair value | $ 0 | $ 0 |
12 months or longer, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | 3 | |
Total, fair value | $ 3,957 | |
Total, gross unrealized losses | $ 43 | |
Asset-backed Securities [Member] | ||
Less than 12 months, number of securities | 1 | 1 |
Less than 12 months, fair value | $ 492 | $ 2,443 |
Less than 12 months, gross unrealized losses | $ 3 | $ 17 |
12 months or longer, number of securities | 1 | 0 |
12 months or longer, fair value | $ 1,863 | $ 0 |
12 months or longer, gross unrealized losses | $ 30 | $ 0 |
Total, number of securities | 2 | 1 |
Total, fair value | $ 2,355 | $ 2,443 |
Total, gross unrealized losses | $ 33 | $ 17 |
Negotiable Certificates of Deposit [Member] | ||
Less than 12 months, number of securities | 12 | 1 |
Less than 12 months, fair value | $ 2,905 | $ 247 |
Less than 12 months, gross unrealized losses | $ 19 | |
12 months or longer, number of securities | 0 | 0 |
12 months or longer, fair value | $ 0 | $ 0 |
12 months or longer, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | 12 | 1 |
Total, fair value | $ 2,905 | $ 247 |
Total, gross unrealized losses | $ 19 |
Note 3 - Securities - Gains and
Note 3 - Securities - Gains and Losses Recognized in Net Income on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net losses recognized on equity securities | $ (7) | $ (26) | ||
Less: net gains (losses) recognized on equity securities sold | ||||
Unrealized losses on equity securities held | $ (26) |
Note 3 - Securities - Restricte
Note 3 - Securities - Restricted Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Stock in Atlantic Community Bankers Bank | $ 10 | $ 10 |
Restricted stock, at cost | 7,964 | 2,763 |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Stock in Federal Home Loan Bank of Pittsburgh | $ 7,954 | $ 2,753 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Gain (Loss) on Sales of Loans, Net, Total | $ 51 | $ 110 | $ 100 | $ 135 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,500 | $ 3,500 | $ 2,600 | ||
Loans Still Classified as Non-accrual Status, Period of Past Due | 90 days | ||||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | $ 0 | 0 | ||
Financing Receivable, Collectively Evaluated for Impairment | 839,800 | 839,800 | 756,728 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 45 | $ 39 | 85 | $ 66 | |
Financing Receivable, Modifications, Recorded Investment | 9,600 | 9,600 | 10,200 | ||
Loans and Leases Receivable, Allowance, Ending Balance | 9,459 | 9,459 | 9,034 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 11 | 0 | 13 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||
Mortgage Loans in Process of Foreclosure, Amount | $ 89 | $ 89 | |||
Residential Real Estate, Foreclosed [Member] | |||||
Number of Real Estate Properties, Foreclosed | 0 | 1 | 0 | 2 | |
Real Estate Investment Property, Foreclosed | $ 80 | $ 125 | |||
Investor-owned Residential Real Estate Foreclosed [Member] | |||||
Number of Real Estate Properties, Foreclosed | 1 | ||||
Real Estate Investment Property, Foreclosed | $ 45 | ||||
Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 7 | 8 | |||
Commercial and Industrial [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | $ 166,208 | $ 166,208 | 149,308 | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 4 | |||
Residential Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | |||
Number of Real Estate Properties | 2 | 4 | 2 | 4 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 0 | $ 0 | |||
Other Real Estate, Ending Balance | $ 63 | $ 166 | $ 63 | $ 166 | |
Residential Portfolio Segment [Member] | In Process of Foreclosure [Member] | |||||
Number of Real Estate Properties | 3 | 3 | |||
Construction, Land Acquisition and Development [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 10 | ||||
Troubled Debt Restructuring [Member] | |||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 696 | $ 696 | 750 | ||
Forbearance [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 8 | ||||
Financing Receivable, Modifications | $ 5,300 | ||||
Forbearance [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 4 | ||||
Financing Receivable, Modifications | $ 1,800 | ||||
Extended Maturity [Member] | Residential Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||
Financing Receivable, Modifications | $ 63 | ||||
Principal Forbearance [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||
Financing Receivable, Modifications | $ 4,000 | ||||
Reduction in Monthly Principal Payment [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 7 | ||||
Financing Receivable, Modifications | $ 1,200 | ||||
Charge Off [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 3 | ||||
Financing Receivable, Modifications | $ 1,800 | ||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 300 | ||||
Nonaccrual Loans [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | 700 | 700 | 500 | ||
Performing Financial Instruments [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 8,700 | 8,700 | 9,300 | ||
Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 900 | 900 | 900 | ||
Small Business Administration [Member] | |||||
Gain (Loss) on Sales of Loans, Net, Total | 71 | $ 56 | 322 | 56 | |
Loans Sold During Period, Principal Balance | 800 | 600 | 5,700 | 600 | |
Loans Serviced for Others, Unpaid Principal Balance | 108,500 | 108,500 | 103,000 | ||
One- to Four-family Mortgages [Member] | |||||
Recorded Investment of Mortgage Loans Sold | 2,100 | 5,000 | |||
Gain (Loss) on Sales of Loans, Net, Total | 51 | $ 110 | 100 | $ 135 | |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 629 | $ 629 | $ 1,100 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable, Net (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, gross | $ 851,329 | $ 768,069 |
Unearned income | (75) | (80) |
Net deferred loan costs | 4,137 | 2,654 |
Allowance for loan and lease losses | (9,459) | (9,034) |
Loans, net | 845,932 | 761,609 |
Residential Portfolio Segment [Member] | ||
Loans, gross | 168,827 | 158,020 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans, gross | 260,119 | 261,783 |
Construction, Land Acquisition and Development [Member] | ||
Loans, gross | 23,340 | 20,981 |
Commercial and Industrial [Member] | ||
Loans, gross | 167,001 | 150,103 |
Consumer Portfolio Segment [Member] | ||
Loans, gross | 179,088 | 134,653 |
State and Political Subdivisions [Member] | ||
Loans, gross | $ 52,954 | $ 42,529 |
Note 4 - Loans - Activity in th
Note 4 - Loans - Activity in the Allowance for Loan Losses, by Loan Category (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | |
Balance | $ 9,562 | $ 8,306 | $ 9,034 | $ 8,419 | ||
Charge-offs | (1,310) | (465) | (1,710) | (762) | ||
Recoveries | 327 | 207 | 535 | 869 | ||
Provision (credit) for loan and lease losses | 880 | 421 | 1,600 | (57) | ||
Balance | 9,459 | 8,469 | 9,459 | 8,469 | ||
Individually evaluated for impairment | $ 696 | $ 773 | ||||
Collectively evaluated for impairment | 8,763 | 8,261 | ||||
Total | 9,562 | 8,306 | 9,459 | 8,469 | 9,459 | 9,034 |
Individually evaluated for impairment | 11,529 | 11,341 | ||||
Collectively evaluated for impairment | 839,800 | 756,728 | ||||
Total | 851,329 | 768,069 | ||||
Residential Portfolio Segment [Member] | ||||||
Total | 168,827 | 158,020 | ||||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Balance | 1,249 | 1,144 | 1,236 | 1,171 | ||
Charge-offs | (31) | (63) | (80) | |||
Recoveries | 121 | 11 | 127 | 12 | ||
Provision (credit) for loan and lease losses | (169) | 24 | (99) | 45 | ||
Balance | 1,201 | 1,148 | 1,201 | 1,148 | ||
Individually evaluated for impairment | 8 | 33 | ||||
Collectively evaluated for impairment | 1,193 | 1,203 | ||||
Total | 1,249 | 1,144 | 1,201 | 1,148 | 1,201 | 1,236 |
Individually evaluated for impairment | 1,801 | 1,902 | ||||
Collectively evaluated for impairment | 167,026 | 156,118 | ||||
Total | 168,827 | 158,020 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Total | 260,119 | 261,783 | ||||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Balance | 3,342 | 3,501 | 3,499 | 3,297 | ||
Charge-offs | (1,126) | (29) | (1,126) | (29) | ||
Recoveries | 2 | 1 | 3 | 5 | ||
Provision (credit) for loan and lease losses | 889 | (451) | 731 | (251) | ||
Balance | 3,107 | 3,022 | 3,107 | 3,022 | ||
Individually evaluated for impairment | 86 | 138 | ||||
Collectively evaluated for impairment | 3,021 | 3,361 | ||||
Total | 3,342 | 3,501 | 3,107 | 3,022 | 3,107 | 3,499 |
Individually evaluated for impairment | 8,464 | 8,164 | ||||
Collectively evaluated for impairment | 251,655 | 253,619 | ||||
Total | 260,119 | 261,783 | ||||
Construction, Land Acquisition and Development [Member] | ||||||
Total | 23,340 | 20,981 | ||||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||||||
Balance | 256 | 223 | 209 | 268 | ||
Charge-offs | 0 | |||||
Recoveries | 30 | 421 | ||||
Provision (credit) for loan and lease losses | (5) | 13 | 12 | (453) | ||
Balance | 251 | 236 | 251 | 236 | ||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 251 | 209 | ||||
Total | 256 | 223 | 251 | 236 | 251 | 209 |
Individually evaluated for impairment | 83 | 85 | ||||
Collectively evaluated for impairment | 23,257 | 20,896 | ||||
Total | 23,340 | 20,981 | ||||
Commercial and Industrial [Member] | ||||||
Balance | 2,505 | 1,679 | 2,340 | 1,736 | ||
Charge-offs | (4) | (317) | (81) | (347) | ||
Recoveries | 75 | 110 | 147 | 179 | ||
Provision (credit) for loan and lease losses | (121) | 841 | 49 | 745 | ||
Balance | 2,455 | 2,313 | 2,455 | 2,313 | ||
Individually evaluated for impairment | 600 | 600 | ||||
Collectively evaluated for impairment | 1,855 | 1,740 | ||||
Total | 2,505 | 1,679 | 2,455 | 2,313 | 2,455 | 2,340 |
Individually evaluated for impairment | 793 | 795 | ||||
Collectively evaluated for impairment | 166,208 | 149,308 | ||||
Total | 167,001 | 150,103 | ||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 1,822 | 1,410 | 1,395 | 1,457 | ||
Charge-offs | (180) | (88) | (440) | (306) | ||
Recoveries | 129 | 85 | 228 | 252 | ||
Provision (credit) for loan and lease losses | 235 | 35 | 823 | 39 | ||
Balance | 2,006 | 1,442 | 2,006 | 1,442 | ||
Individually evaluated for impairment | 2 | 2 | ||||
Collectively evaluated for impairment | 2,004 | 1,393 | ||||
Total | 1,822 | 1,410 | 2,006 | 1,442 | 2,006 | 1,395 |
Individually evaluated for impairment | 388 | 395 | ||||
Collectively evaluated for impairment | 178,700 | 134,258 | ||||
Total | 179,088 | 134,653 | ||||
State and Political Subdivisions [Member] | ||||||
Balance | 388 | 349 | 355 | 490 | ||
Charge-offs | 0 | |||||
Recoveries | 0 | |||||
Provision (credit) for loan and lease losses | 51 | (41) | 84 | (182) | ||
Balance | 439 | 308 | 439 | 308 | ||
Individually evaluated for impairment | 0 | |||||
Collectively evaluated for impairment | 439 | 355 | ||||
Total | $ 388 | $ 349 | $ 439 | $ 308 | 439 | 355 |
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 52,954 | 42,529 | ||||
Total | $ 52,954 | $ 42,529 |
Note 4 - Loans - Loans by Credi
Note 4 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans | $ 851,329 | $ 768,069 |
Commercial Loans [Member] | ||
Loans | 532,556 | 496,364 |
Accruing Loans [Member] | ||
Loans | 318,150 | 270,937 |
Nonaccrual Loans [Member] | ||
Loans | 623 | 768 |
Subtotal, Other Loans [Member] | ||
Loans | 318,773 | 271,705 |
Pass [Member] | Commercial Loans [Member] | ||
Loans | 513,343 | 477,035 |
Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 4,692 | 3,691 |
Substandard [Member] | Commercial Loans [Member] | ||
Loans | 14,521 | 15,638 |
Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans | 168,827 | 158,020 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 34,891 | 27,669 |
Residential Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 133,602 | 129,887 |
Residential Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 334 | 464 |
Residential Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 133,936 | 130,351 |
Residential Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 34,346 | 27,186 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 411 | 421 |
Residential Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 134 | 62 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 260,119 | 261,783 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 260,119 | 261,783 |
Commercial Real Estate Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 246,509 | 245,779 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 2,253 | 2,461 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 11,357 | 13,543 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | ||
Loans | 23,340 | 20,981 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | ||
Loans | 21,889 | 18,616 |
Construction, Land Acquisition and Development [Member] | Accruing Loans [Member] | ||
Loans | 1,451 | 2,365 |
Construction, Land Acquisition and Development [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Subtotal, Other Loans [Member] | ||
Loans | 1,451 | 2,365 |
Construction, Land Acquisition and Development [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 20,990 | 18,280 |
Construction, Land Acquisition and Development [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 324 | 330 |
Construction, Land Acquisition and Development [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 575 | 6 |
Construction, Land Acquisition and Development [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial and Industrial [Member] | ||
Loans | 167,001 | 150,103 |
Commercial and Industrial [Member] | Commercial Loans [Member] | ||
Loans | 160,692 | 144,095 |
Commercial and Industrial [Member] | Accruing Loans [Member] | ||
Loans | 6,309 | 6,008 |
Commercial and Industrial [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
Commercial and Industrial [Member] | Subtotal, Other Loans [Member] | ||
Loans | 6,309 | 6,008 |
Commercial and Industrial [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 157,690 | 142,019 |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 649 | 479 |
Commercial and Industrial [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 2,353 | 1,597 |
Commercial and Industrial [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans | 179,088 | 134,653 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 2,075 | 1,765 |
Consumer Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 176,724 | 132,584 |
Consumer Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 289 | 304 |
Consumer Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 177,013 | 132,888 |
Consumer Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 2,040 | 1,731 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 35 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 34 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | ||
Loans | 52,954 | 42,529 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | ||
Loans | 52,890 | 42,436 |
State and Political Subdivisions [Member] | Accruing Loans [Member] | ||
Loans | 64 | 93 |
State and Political Subdivisions [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | Subtotal, Other Loans [Member] | ||
Loans | 64 | 93 |
State and Political Subdivisions [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 51,768 | 42,040 |
State and Political Subdivisions [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 1,020 | |
State and Political Subdivisions [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 102 | 396 |
State and Political Subdivisions [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | $ 0 | $ 0 |
Note 4 - Loans - Performing and
Note 4 - Loans - Performing and Non-performing Loan Delinquency Status (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans past due | $ 851,329 | $ 768,069 |
Performing Financial Instruments [Member] | ||
Loans past due | 847,860 | 765,491 |
Nonperforming Financial Instruments [Member] | ||
Loans past due | 3,469 | 2,578 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 168,370 | 157,494 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 457 | 525 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 258,268 | 260,819 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 23,340 | 20,981 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 166,129 | 149,319 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 872 | 785 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 178,799 | 134,349 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 289 | 304 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 52,954 | 42,529 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,851 | 964 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Loans past due | 847,548 | 763,657 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 845,305 | 762,540 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 2,243 | 1,117 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 167,523 | 156,701 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 317 | 342 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 258,268 | 260,276 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 23,257 | 20,954 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 165,873 | 149,046 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 750 | 750 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 177,430 | 133,034 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 50 | 25 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 52,954 | 42,529 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,126 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 2,222 | 2,258 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 2,154 | 2,103 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 68 | 155 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 827 | 793 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 63 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 70 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 27 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 223 | 185 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 1,104 | 1,028 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 68 | 92 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 537 | 901 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 401 | 848 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 136 | 53 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 20 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 473 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 83 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 33 | 88 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 83 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 265 | 287 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 53 | 53 |
Financing Receivables, 60 to 89 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 1,022 | 1,253 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,022 | 1,253 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 140 | 120 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 39 | 35 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 118 | 134 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | $ 725 | $ 964 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Recorded investment, with no allowance recorded | $ 6,496 | $ 5,500 |
Unpaid principal balance, with no allowance recorded | 7,464 | 5,679 |
Recorded investment, with a related allowance recorded | 5,033 | 5,841 |
Unpaid principal balance, with a related allowance recorded | 5,033 | 5,880 |
Related Allowance | 696 | 773 |
Recorded Investment | 11,529 | 11,341 |
Unpaid principal balance | 12,497 | 11,559 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 205 | 190 |
Unpaid principal balance, with no allowance recorded | 277 | 216 |
Recorded investment, with a related allowance recorded | 1,596 | 1,712 |
Unpaid principal balance, with a related allowance recorded | 1,596 | 1,751 |
Related Allowance | 8 | 33 |
Recorded Investment | 1,801 | 1,902 |
Unpaid principal balance | 1,873 | 1,967 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 6,160 | 5,174 |
Unpaid principal balance, with no allowance recorded | 7,023 | 5,295 |
Recorded investment, with a related allowance recorded | 2,304 | 2,990 |
Unpaid principal balance, with a related allowance recorded | 2,304 | 2,990 |
Related Allowance | 86 | 138 |
Recorded Investment | 8,464 | 8,164 |
Unpaid principal balance | 9,327 | 8,285 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 83 | 85 |
Unpaid principal balance, with no allowance recorded | 83 | 85 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 83 | 85 |
Unpaid principal balance | 83 | 85 |
Commercial and Industrial [Member] | ||
Recorded investment, with no allowance recorded | 20 | 21 |
Unpaid principal balance, with no allowance recorded | 52 | 53 |
Recorded investment, with a related allowance recorded | 773 | 774 |
Unpaid principal balance, with a related allowance recorded | 773 | 774 |
Related Allowance | 600 | 600 |
Recorded Investment | 793 | 795 |
Unpaid principal balance | 825 | 827 |
Consumer Portfolio Segment [Member] | ||
Recorded investment, with no allowance recorded | 28 | 30 |
Unpaid principal balance, with no allowance recorded | 29 | 30 |
Recorded investment, with a related allowance recorded | 360 | 365 |
Unpaid principal balance, with a related allowance recorded | 360 | 365 |
Related Allowance | 2 | 2 |
Recorded Investment | 388 | 395 |
Unpaid principal balance | 389 | 395 |
State and Political Subdivisions [Member] | ||
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid principal balance | $ 0 | $ 0 |
Note 4 - Loans - Average Balanc
Note 4 - Loans - Average Balance and Interest Income by Loan Category Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||||
Average Balance | $ 10,898 | $ 10,734 | $ 10,939 | [1] | $ 9,315 | [1] | |
Interest Income | [1] | 101 | 106 | 204 | 176 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 1,805 | 1,841 | 1,837 | [1] | 1,884 | [1] | |
Interest Income | [1] | 21 | 21 | 42 | 42 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 7,826 | 7,452 | 7,833 | [1] | 6,133 | [1] | |
Interest Income | [1] | 75 | 72 | 152 | 112 | ||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 84 | 87 | 84 | [1] | 123 | [1] | |
Interest Income | [1] | 1 | 1 | 2 | 2 | ||
Commercial and Industrial [Member] | |||||||
Average Balance | 794 | 1,059 | 794 | [1] | 879 | [1] | |
Interest Income | [1] | 1 | 9 | 1 | 14 | ||
Consumer Portfolio Segment [Member] | |||||||
Average Balance | 389 | 295 | 391 | [1] | 296 | [1] | |
Interest Income | [1] | 3 | 3 | 7 | 6 | ||
State and Political Subdivisions [Member] | |||||||
Average Balance | 0 | 0 | [1] | [1] | |||
Interest Income | [1] | $ 0 | $ 0 | ||||
[1] | Interest income represents income recognized on accruing TDRs. |
Note 4 - Loans - Loans Modified
Note 4 - Loans - Loans Modified as TDRs (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017USD ($) | Jun. 30, 2018 | Jun. 30, 2017USD ($) | |
Number of contracts | 0 | 11 | 0 | 13 |
Pre-modification outstanding recorded investment | $ 2,441 | $ 7,158 | ||
Post-modification outstanding recorded investment | 2,441 | 7,158 | ||
Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 2,353 | 7,070 | ||
Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 63 | 63 | ||
Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 25 | $ 25 | ||
Residential Portfolio Segment [Member] | ||||
Number of contracts | 1 | 1 | ||
Pre-modification outstanding recorded investment | $ 63 | $ 63 | ||
Post-modification outstanding recorded investment | 63 | 63 | ||
Residential Portfolio Segment [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | $ 0 | ||
Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Number of contracts | 1 | |||
Pre-modification outstanding recorded investment | 63 | $ 63 | ||
Residential Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Number of contracts | 7 | 8 | ||
Pre-modification outstanding recorded investment | $ 1,228 | $ 5,250 | ||
Post-modification outstanding recorded investment | 1,228 | $ 5,250 | ||
Commercial Real Estate Portfolio Segment [Member] | Forbearance [Member] | ||||
Number of contracts | 8 | |||
Pre-modification outstanding recorded investment | 1,228 | $ 5,250 | ||
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Construction, Land Acquisition and Development [Member] | ||||
Number of contracts | 0 | 0 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Post-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Commercial and Industrial [Member] | ||||
Number of contracts | 3 | 4 | ||
Pre-modification outstanding recorded investment | $ 1,150 | $ 1,845 | ||
Post-modification outstanding recorded investment | 1,150 | $ 1,845 | ||
Commercial and Industrial [Member] | Forbearance [Member] | ||||
Number of contracts | 4 | |||
Pre-modification outstanding recorded investment | 1,125 | $ 1,820 | ||
Commercial and Industrial [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial and Industrial [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 25 | $ 25 | ||
Consumer Portfolio Segment [Member] | ||||
Number of contracts | 0 | 0 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Post-modification outstanding recorded investment | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
State and Political Subdivisions [Member] | ||||
Number of contracts | 0 | 0 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Post-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 |
Note 5 - Borrowed Funds (Detail
Note 5 - Borrowed Funds (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Dec. 31, 2017 | |
Advances from Federal Home Loan Banks, Total | $ 174,251 | $ 44,968 |
Federal Home Loan Bank Advances [Member] | Minimum [Member] | ||
Debt Instrument, Term | 90 days | |
Federal Home Loan Bank Advances [Member] | Maximum [Member] | ||
Debt Instrument, Term | 5 years | |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 469,300 | 448,200 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 328,600 | |
Advances from Federal Home Loan Banks, Total | 174,251 | 44,968 |
Letters of Credit Outstanding, Amount | $ 39,500 | |
Increase (Decrease) in Advances from Federal Home Loan Banks, Percent | 287.50% | |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Advances [Member] | ||
Debt Instrument, Increase (Decrease), Net, Total | $ 129,300 | |
Federal Home Loan Bank of Pittsburgh [Member] | FHLB of Pittsburgh Advances - Term [Member] | ||
Advances from Federal Home Loan Banks, Total | 101,661 | 44,968 |
Federal Home Loan Bank of Pittsburgh [Member] | FHLB of Pittsburgh Advances - Overnight [Member] | ||
Advances from Federal Home Loan Banks, Total | $ 72,590 |
Note 5 - Borrowed Funds - Compo
Note 5 - Borrowed Funds - Components of Borrowed Funds (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
FHLB of Pittsburgh advances | $ 174,251 | $ 44,968 |
Subordinated debentures | 5,000 | 5,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 189,561 | 60,278 |
Federal Home Loan Bank of Pittsburgh [Member] | ||
FHLB of Pittsburgh advances | 174,251 | 44,968 |
FHLB of Pittsburgh Advances - Overnight [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
FHLB of Pittsburgh advances | 72,590 | |
FHLB of Pittsburgh Advances - Term [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
FHLB of Pittsburgh advances | $ 101,661 | $ 44,968 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | 21.00% | 34.00% | 35.00% | |
Deferred Tax Assets, Net, Total | $ 16,282 | $ 16,282 | $ 15,785 | |||
Deferred Tax Assets, Operating Loss Carryforwards, Total | 8,500 | 8,500 | ||||
Operating Loss Carryforwards, Total | $ 40,500 | $ 40,500 | ||||
Scenario, Forecast [Member] | ||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 6 - Income Taxes - Effecti
Note 6 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Provision at statutory tax rates | $ 613 | $ 919 | $ 1,126 | $ 1,940 | |
Provision at statutory tax rates, percentage | 21.00% | 34.00% | 21.00% | 34.00% | 35.00% |
Tax effects of non-taxable income | $ (92) | $ (112) | $ (170) | $ (234) | |
Tax effects of non-taxable income, percentage | (3.16%) | (4.14%) | (3.18%) | (4.10%) | |
Non-deductible interest expense | $ 4 | $ 3 | $ 6 | $ 6 | |
Non-deductible interest expense, percentage | 0.13% | 0.09% | 0.11% | 0.10% | |
Bank-owned life insurance | $ (29) | $ (46) | $ (57) | $ (92) | |
Bank-owned life insurance, percentage | (1.00%) | (1.70%) | (1.06%) | (1.61%) | |
Other items, net | $ 12 | $ 146 | $ 29 | $ 96 | |
Other items, net, percentage | 0.43% | 5.43% | 0.54% | 1.69% | |
Income tax expense | $ 508 | $ 910 | $ 934 | $ 1,716 | |
Income tax expense, percentage | 17.40% | 33.68% | 17.41% | 30.08% |
Note 7 - Related Party Transa51
Note 7 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Related Party Transaction, Interest Paid | $ 35 | $ 71 | $ 70 | $ 140 | |
Directors, Executive Officers and Their Related Parties [Member] | |||||
Related Party Deposit Liabilities | 83,300 | 83,300 | $ 139,200 | ||
Related Party Deposit Liabilities, Increase (Decrease) | (55,900) | ||||
Related Party Transactions, Interest Paid on Deposits | 157 | 131 | |||
Related Party Transaction, Expenses from Transactions with Related Party | 600 | $ 600 | 1,000 | $ 1,100 | |
Related Party Transactions, Subordinated Debt | 3,100 | 3,100 | $ 3,100 | ||
Directors, Executive Officers and Their Related Parties [Member] | Nonperforming Financial Instruments [Member] | |||||
Due from Related Parties, Total | $ 0 | $ 0 |
Note 7 - Related Party Transa52
Note 7 - Related Party Transactions - Related Party Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Balance, beginning of period | $ 65,884 | $ 44,189 | $ 55,576 | $ 42,007 |
Additions, new loans and advances | 11,946 | 10,562 | 43,115 | 36,772 |
Repayments | (8,004) | (13,326) | (28,865) | (37,354) |
Balance, end of period | $ 69,826 | $ 41,425 | $ 69,826 | $ 41,425 |
Note 8 - Contingencies (Details
Note 8 - Contingencies (Details Textual) - USD ($) | Apr. 11, 2018 | Jul. 01, 2017 | Apr. 01, 2014 | Mar. 28, 2014 | Apr. 01, 2014 | Feb. 04, 2014 | Dec. 31, 2013 |
Derivative Liability, Total | $ 5,000,000 | ||||||
Shareholder Derivative Suit [Member] | |||||||
Litigation Settlement, Amount Awarded to Other Party | $ 5,000,000 | ||||||
Accrued Liabilities and Other Liabilities, Total | $ 2,500,000 | ||||||
Litigation Settlement Fees and Costs | $ 2,500,000 | ||||||
Partial Indemnification, Individual Defendants Paid | $ 2,500,000 | $ 2,500,000 | |||||
Litigation Settlement, Monthly Payments | $ 25,000 |
Note 9 - Stock Compensation P54
Note 9 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 57,829 | 54,549 | ||
Long-Term Incentive Compensation Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,200,000 | 1,200,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 921,069 | 921,069 | ||
Allocated Share-based Compensation Expense, Total | $ 137 | $ 167 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 819 | $ 608 | $ 819 | $ 608 |
Long-Term Incentive Compensation Plan [Member] | Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 57,829 | 54,549 | ||
The 2000 Employee Stock Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | 0 | ||
Allocated Share-based Compensation Expense, Total | $ 0 | $ 0 | $ 0 | $ 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||
The 2000 Employee Stock Incentive Plan [Member] | Employee Stock Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,100,000 | 1,100,000 |
Note 9 - Stock Compensation P55
Note 9 - Stock Compensation Plans - Stock Compensation Plans (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Unvested, beginning of period (in shares) | 162,679 | 142,283 | 106,129 | 103,874 |
Unvested, beginning of period (in dollars per share) | $ 7.05 | $ 6.09 | $ 6.23 | $ 5.74 |
Awards granted (in shares) | 57,829 | 54,549 | ||
Awards granted, Weighted average grant date fair value (in dollars per share) | $ 8.54 | $ 6.83 | ||
Forfeitures (in shares) | (1,279) | (5,050) | ||
Forfeitures, Weighted average grant date fair value (in dollars per share) | $ 6.88 | $ 5.65 | ||
Vestings (in shares) | (46,358) | (35,788) | (46,358) | (46,878) |
Vestings, Weighted average grant date fair value (in dollars per share) | $ 5.93 | $ 5.65 | $ 5.93 | $ 5.90 |
Unvested, end of period (in shares) | 116,321 | 106,495 | 116,321 | 106,495 |
Unvested, end of period (in dollars per share) | $ 7.50 | $ 6.24 | $ 7.50 | $ 6.24 |
Note 10 - Regulatory Matters_56
Note 10 - Regulatory Matters/Subsequent Event (Details Textual) - $ / shares | Jul. 26, 2018 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 |
Common Stock, Dividends, Per Share, Declared | $ 0.04 | $ 0.03 | $ 0.08 | $ 0.06 | |
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 4,139 | 29,861 | 12,776 | 65,240 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.04 |
Note 10 - Regulatory Matters_57
Note 10 - Regulatory Matters/Subsequent Event - Risk-based Capital and Related Ratios (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Total capital (to risk-weighted assets), Amount | $ 105,477 | $ 101,135 | |
Total capital (to risk-weighted assets), Ratio | 11.31% | 12.08% | |
Total capital (to risk-weighted assets), Minimum required for capital adequacy purposes | 8.00% | 8.00% | |
Total capital (to risk-weighted assets), Minimum required for capital adequacy purposes with conservation buffer | 9.875% | 9.25% | |
Total capital (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 10.00% | 10.00% |
Tier I capital (to risk-weighted assets), Amount | $ 93,692 | $ 89,220 | |
Tier I capital (to risk-weighted assets), Ratio | 10.05% | 10.66% | |
Tier I capital (to risk-weighted assets), Minimum required for capital adequacy purposes | 6.00% | 6.00% | |
Tier I capital (to risk-weighted assets), Minimum required for capital adequacy purposes with conservation buffer | 7.875% | 7.25% | |
Tier I capital (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 8.00% | 8.00% |
Tier I common equity (to risk-weighted assets), Amount | $ 85,778 | $ 81,493 | |
Tier I common equity (to risk-weighted assets), Ratio | 9.20% | 9.74% | |
Tier I common equity (to risk-weighted assets), Minimum required for capital adequacy purposes | 4.50% | 4.50% | |
Tier I common equity (to risk-weighted assets), Minimum required for capital adequacy purposes with conservation buffer | 6.375% | 5.75% | |
Tier I common equity (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 6.50% | 6.50% |
Tier I capital (to average assets), Amount | $ 93,692 | $ 89,220 | |
Tier I capital (to average assets), Ratio | 7.69% | 7.74% | |
Tier I capital (to average assets), Minimum required for capital adequacy purposes | 4.00% | 4.00% | |
Tier I capital (to average assets), Minimum required for capital adequacy purposes with conservation buffer | 4.00% | 4.00% | |
Tier I capital (to average assets), To be well capitalized under prompt corrective action | [1] | 5.00% | 5.00% |
Total risk-weighted assets, Amount | $ 932,367 | $ 837,032 | |
Total average assets, Amount | 1,217,970 | 1,152,776 | |
Subsidiaries [Member] | |||
Total capital (to risk-weighted assets), Amount | $ 106,594 | $ 104,272 | |
Total capital (to risk-weighted assets), Ratio | 11.46% | 12.49% | |
Tier I capital (to risk-weighted assets), Amount | $ 96,809 | $ 94,856 | |
Tier I capital (to risk-weighted assets), Ratio | 10.41% | 11.36% | |
Tier I common equity (to risk-weighted assets), Amount | $ 96,809 | $ 94,856 | |
Tier I common equity (to risk-weighted assets), Ratio | 10.41% | 11.36% | |
Tier I capital (to average assets), Amount | $ 96,809 | $ 94,856 | |
Tier I capital (to average assets), Ratio | 7.96% | 8.24% | |
Total risk-weighted assets, Amount | $ 930,273 | $ 834,959 | |
Total average assets, Amount | $ 1,216,360 | $ 1,151,539 | |
[1] | Applies to the Bank only. |
Note 11 - Fair Value Measurem58
Note 11 - Fair Value Measurements (Details Textual) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Debt Securities, Available-for-sale, Amortized Cost, Total | $ 299,802 | $ 291,586 |
Debt Securities, Available-for-sale, Total | 290,863 | 289,459 |
Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 4,000 | 4,000 |
Debt Securities, Available-for-sale, Total | $ 3,957 | $ 4,058 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0637 | |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0712 |
Note 11 - Fair Value Measurem59
Note 11 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Debt securities available for sale, at fair value | $ 290,863 | $ 289,459 |
Equity securities | 892 | 918 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 150,455 | 145,999 |
Collateralized Mortgage Backed Securities [Member] | ||
Debt securities available for sale, at fair value | 24,156 | 22,311 |
Corporate Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 3,957 | 4,058 |
Asset-backed Securities [Member] | ||
Debt securities available for sale, at fair value | 2,355 | 3,086 |
Negotiable Certificates of Deposit [Member] | ||
Debt securities available for sale, at fair value | 2,905 | 2,930 |
Fair Value, Measurements, Recurring [Member] | ||
Debt securities available for sale, at fair value | 290,863 | 289,459 |
Equity securities | 892 | 918 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Equity securities | 892 | 918 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 286,906 | 285,401 |
Equity securities | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | 3,957 | 4,058 |
Equity securities | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 150,455 | 145,999 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 150,455 | 145,999 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | ||
Debt securities available for sale, at fair value | 33,961 | 35,657 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 33,961 | 35,657 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | ||
Debt securities available for sale, at fair value | 73,074 | 75,418 |
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 73,074 | 75,418 |
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Debt securities available for sale, at fair value | 24,156 | 22,311 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 24,156 | 22,311 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 3,957 | 4,058 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | 3,957 | 4,058 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Debt securities available for sale, at fair value | 2,355 | 3,086 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 2,355 | 3,086 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | ||
Debt securities available for sale, at fair value | 2,905 | 2,930 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 2,905 | 2,930 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value |
Note 11 - Fair Value Measurem60
Note 11 - Fair Value Measurements - Changes in Fair Value Assets (Details) - Corporate Debt Securities [Member] - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Balance | $ 4,058 | $ 3,339 |
Additions | 2,000 | |
Payments Received | ||
Sales | ||
Included in earnings | ||
Included in other comprehensive (loss) income | (101) | 83 |
Balance | $ 3,957 | $ 5,422 |
Note 11 - Fair Value Measurem61
Note 11 - Fair Value Measurements - Assets Measured At Fair Value on a Non-recurring Basis and Quantitative Information (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Recorded Investment | $ 11,529 | $ 11,341 |
Related Allowance | 696 | 773 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Market Approach [Member] | Impaired Loans, Collateral Dependent [Member] | ||
Recorded Investment | 750 | 1,262 |
Related Allowance | 600 | 636 |
Fair Value | $ 150 | $ 626 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Market Approach [Member] | Other Real Estate Owned [Member] | ||
Recorded Investment | $ 63 | $ 1,023 |
Related Allowance | ||
Fair Value | $ 63 | $ 1,023 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | ||
Recorded Investment | $ 4,284 | $ 4,578 |
Related Allowance | 96 | 137 |
Fair Value | $ 4,188 | $ 4,441 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | Minimum [Member] | ||
Discount Rate | 3.70% | 3.70% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | Maximum [Member] | ||
Discount Rate | 7.50% | 7.50% |
Note 11 - Fair Value Measurem62
Note 11 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Information (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financial assets | ||
Equity securities | $ 892 | $ 918 |
Reported Value Measurement [Member] | ||
Financial assets | ||
Securities available for sale | 290,863 | 289,459 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 21,124 | 37,746 |
Equity securities | 892 | 918 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Restricted stock | 7,964 | 2,763 |
Loans held for sale | 629 | 1,095 |
Accrued interest receivable | 3,654 | 3,234 |
Financial liabilities | ||
Deposits | 955,243 | 1,002,448 |
Borrowed funds | 174,251 | 60,278 |
Accrued interest payable | 331 | 241 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 845,932 | 761,609 |
Equity securities without readily determinable fair values | 1,658 | 1,658 |
Servicing rights | 338 | 265 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Securities available for sale | 290,863 | 289,459 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 21,124 | 37,746 |
Equity securities | 892 | 918 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Restricted stock | 7,964 | 2,763 |
Loans held for sale | 629 | 1,095 |
Accrued interest receivable | 3,654 | 3,234 |
Financial liabilities | ||
Deposits | 953,202 | 962,586 |
Borrowed funds | 189,420 | 60,214 |
Accrued interest payable | 331 | 241 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 825,818 | 752,222 |
Equity securities without readily determinable fair values | 1,658 | 1,658 |
Servicing rights | $ 821 | $ 774 |
Note 12 - Earnings Per Share (D
Note 12 - Earnings Per Share (Details Textual) - shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 19,200 | 31,200 |
Note 12 - Earnings Per Share -
Note 12 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income | $ 2,412 | $ 1,792 | $ 4,431 | $ 3,989 |
Basic (in shares) | 16,792,812 | 16,716,899 | 16,778,188 | 16,687,389 |
Plus: Common share equivalents (in shares) | 26,474 | 20,096 | 23,238 | 16,667 |
Diluted weighted-average number of common shares outstanding (in shares) | 16,819,286 | 16,736,995 | 16,801,426 | 16,704,056 |
Basic (in dollars per share) | $ 0.14 | $ 0.11 | $ 0.26 | $ 0.24 |
Diluted (in dollars per share) | $ 0.14 | $ 0.11 | $ 0.26 | $ 0.24 |
Note 13 - Other Comprehensive65
Note 13 - Other Comprehensive Income - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Reclassification adjustment for losses (gains) included in net income | $ 4 | $ (693) | $ 4 | $ (971) |
Income tax expense | 508 | 910 | 934 | 1,716 |
Net of tax amount | (3) | 458 | (3) | 641 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification adjustment for losses (gains) included in net income | 4 | (693) | 4 | (971) |
Income tax expense | (1) | 235 | (1) | 330 |
Net of tax amount | $ 3 | $ (458) | $ 3 | $ (641) |
Note 13 - Other Comprehensive66
Note 13 - Other Comprehensive Income - Changes in Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Balance, beginning of period | $ 89,191 | $ 90,371 | ||
Total other comprehensive (loss) income | $ (1,450) | $ 1,736 | (5,382) | 2,764 |
Reclassification of net loss on equity securities upon adoption of ASU 2016-01 | ||||
Balance, end of period | 87,125 | 96,744 | 87,125 | 96,744 |
AOCI Attributable to Parent [Member] | ||||
Balance, beginning of period | (5,612) | (532) | (1,745) | (1,560) |
Other comprehensive (loss) income before reclassifications | (1,453) | 2,194 | (5,385) | 3,405 |
Amounts reclassified from accumulated other comprehensive (loss) income | 3 | (458) | 3 | (641) |
Total other comprehensive (loss) income | (1,450) | 1,736 | (5,382) | 2,764 |
Reclassification of net loss on equity securities upon adoption of ASU 2016-01 | 65 | |||
Balance, end of period | $ (7,062) | $ 1,204 | $ (7,062) | $ 1,204 |